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A savings account earns compound interest at an annual effective interest rate i. Given that the interest rate over the the period 2 to 4.5
A savings account earns compound interest at an annual effective interest rate i. Given that the interest rate over the the period 2 to 4.5 is 20%, find the discount rate over the time period 1 to 3. ( it was written like this i(2,4.5)= 20 % , find d(1,3) )) answer should be 13.57 thank you
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