TB MC Qu. 13-39 (Algo) What is the effective interest rate... What is the effective interest rate on a 3-month, noninterest-bearing note with a stated rate of 13% and a maturity value of $211,000? Note: Do not round intermediate calculations. Round final answer to 1 decimal place. Multiple Choice 13.0% 13.4% 14.4% 12.4%
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