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2. (2 points) Equivalent rates. a) Find the equivalent rate d(4), if i (12) = 0.09. b) Suppose over a 3-year time frame, interest is

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2. (2 points) Equivalent rates. a) Find the equivalent rate d(4), if i (12) = 0.09. b) Suppose over a 3-year time frame, interest is offered at a rate with St = at. Find the value of a that makes investments in this plan equivalent to a 6% annual interest rate

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