Find annual interest rate third party get for investment


For services rendered the attorney accepts the 90 day note for 5500$ at 8% simple interest from the client (both interest and principal are repaid at the end of 90 days). Wishing to use her money sooner, attorney sells note to the third party for 5'560$ after 30 days. Find annual interest rate will third party get for investment.

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Mathematics: Find annual interest rate third party get for investment
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