Question: Please help. Pleaseinclude allsteps so that I can do it on my own for future reference. Courtney is trying to calculate the effective interest rate

Please help. Pleaseinclude allsteps so that I can do it on my own for future reference. Courtney is trying to calculate the effective interest rate she is paying for a $1,789 Simple discount note at 51/4% for 15 months. What rate has she been paying? Round to the nearest tenth percent. ( Do not round the denominators) Thank you.

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