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What interest rate did the third party receive

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Reference no: EM131781913

Question: Janie Christopher lent $6000 to a friend for 90 days at 12%. After 30 days, she sold the note to a third party for $6000. What interest rate did the third party receive? Use 360 days in a year. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131781913

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