7. (10 points) (Prob. 1.9.7) The amount of interest on $X for two years is $320. The...

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7. (10 points) (Prob. 1.9.7) The amount of interest on $X for two years is $320. The amount of discount on $X for one year is $148. Find the annual effective interest rate i and the value of X

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7. (10 points) (Prob. 1.9.7) The amount of interest on $X for two years is $320. The...

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