Mathematics, 12.01.2021 09:20, sierraowens04

If you sign a discount note for $5,500 at a bank discount rate of 7% for 9 months, what is the effective interest rate (as a %)? Round to the nearest tenth percent.

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If you sign a discount note for $5,500 at a bank discount rate of 7% for 9 months, what is the effec...