Question 1128755
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3600 is 6% of 60,000.<br>
If you are using a 360-day year, then 120 days is 1/3 of a year; the required (yearly) interest rate would be 3*6% = 18%.<br>
If you are using a 365-day year, then the required interest rate would be 6% multiplied by 120/365.