What is effective interest rate on 3 month non interest bearing note with stated rate of 12%

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What is effective interest rate on 3 month non interest bearing note with stated rate of 12% and maturity value of 200,000?

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Financial Accounting in an Economic Context

ISBN: 978-0470635292

8th Edition

Authors: Jamie Pratt

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Posted Date: Apr 20, 2023 12:07 AM

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What is effective interest rate on 3 month non interest bearing note with stated rate of 12%

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A noninterest bearing note is a type of debt security that does not pay interest to the holder but i... View the full answer

Financial Accounting in an Economic Context

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