Determine the equivalent discount rate for the following
Your bank is offering you an account that will pay 20% interest? (an effective? two-year rate) in total for a? two-year deposit. Determine the equivalent discount rate for the following? periods: a. Six months b. One year c. One month
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your bank is offering you an account that will pay 20 interest an effective two-year rate in total for a two-year
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