Interest in total for a two-year deposit determine the


Your bank is offering you an account that will pay

21 %21%

interest in total for a two-year deposit. Determine the equivalent discount rate for a period length of:

a. Six months.

b. One year.

c. One month.

(Round to two decimal places.)

Solution Preview :

Prepared by a verified Expert
Business Management: Interest in total for a two-year deposit determine the
Reference No:- TGS02570567

Now Priced at $10 (50% Discount)

Recommended (95%)

Rated (4.7/5)