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Business, 20.02.2020 22:58 Jinesha

On October 31, 2021, Simeon Builders borrowed $16 million cash and issued a 7-month, noninterest-bearing note. The loan was made by Star Finance Co. The stated discount rate is 8%. Sky's effective interest rate on this loan is:

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On October 31, 2021, Simeon Builders borrowed $16 million cash and issued a 7-month, noninterest-bea...
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