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Mathematics, 29.07.2019 10:30 hewonabi123

Areal estate agent knows that he will receive a commission of $4,250 from the sale of a property when the deal is completed 37 days from now. needing cash today, though, he signs a discount note at a credit union, using his expected commission as the maturity value. the discount rate is 9.55%. find the effective rate (apr).

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