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2) Determine the simple interest rate over six years closest to being equivalent to the following: An effective rate of discount of 3% for the
2) Determine the simple interest rate over six years closest to being equivalent to the following: An effective rate of discount of 3% for the first year, An effective rate of discount of 6% for the second year, An effective rate of discount of 9% for the third year, An effective rate of interest of 5% for the fourth, fifth, and sixth years
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