On August 1 2010 ,Columbo Co treasurer signed a note promising to pay 240000 on December 31 2010 .The proceeds of the note were 232,000 A. calculate…

On August 1 2010 ,Columbo Co treasurer signed a note promising to pay 240000 on December 31 2010 .The proceeds of the note were 232,000 A. calculate the discount rate used by the lenderB.Calculate the effective intrest rate {APR}on the loan