O september 1 2013 hiker shoes issued a 100000 8-month


Question- On September 1, 2013, Hiker Shoes issued a $100,000, 8-month, noninterest-bearing note. The loan was made by Second Commercial Bank where the stated discount rate is 9%. Hiker's effective interest rate on this loan (rounded) is:

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Finance Basics: O september 1 2013 hiker shoes issued a 100000 8-month
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