· After buying a new car, you decided to sell your old car. You take a 180-day note for
$4,500 at 7.5% simple interest as payment. (Principal plus interest due at the end of
180 days.) Sixty days later, you need money and sell the note to a third party for
$4,550. What annual interest rate will the third party receive for the investment?
Give the answer as a percentage (three decimal places).
