Calculate discount rate used by the lender

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Reference no: EM13137314

On August 1 2010, Columbo Co treasurer signed a note promising to pay 240000 on December 31 2010 .The proceeds of the note were 232,000

A. calculate the discount rate used by the lender

B.Calculate the effective intrest rate {APR}on the loan

Reference no: EM13137314

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