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Dave signed a 7855 note at a bank that charges a 142

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Dave signed a $7,855 note at a bank that charges a 14.2% discount rate. If the loan is for 190 days, find the effective rate of interest (to the nearest tenth percent).

A) .15%
B) .14%
C) 14.2%
D) 15.4%

Reference no: EM13573336

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