Use 2 decimal places only. if you are offered the following promissory notes, which instruction: use 2 decimal places only. if you are offered the following promissory notes, which note will you choose based on effective rate (using the calendar of 360 days a year)? use simple discounting. option 1: fv = 10,000 i = 8% t = 45 days effective rate (%) = ? option 2: fv = 15,000 i = 7% t = 50 days effective rate (%) = ? option 3: fv = 25,000 i = 7% t = 20 days effective rate (%) = ? option 4: fv = 5,000 i = 8% t = 15 days effective rate (%) = ? as a lender, i choose option