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a . Calculate the single equivalent discount rate for each company? Note: Do not round intermediate calculations. Round your final answers to the nearest hundredth

a. Calculate the single equivalent discount rate for each company?
Note: Do not round intermediate calculations. Round your final answers to the nearest hundredth percent.
b. Which of the following companies, A or B, gives a higher discount? Use the single equivalent discount rate to make your choice.
Company A
Company B
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