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Determine the single equivalent rate of discount for the discount series 18%, 12%, and 9%. (1 - d 1 ) = ______ (1 - d
Determine the single equivalent rate of discount for the discount series 18%, 12%, and 9%. (1 - d1) = ______ (1 - d2) = _______ (1 - d3) = ______ [1 - (1 - d1)(1 - d2)(1 - d3)] = ______ (rounded to four decimal places) Single Equivalent Rate of Discount = ______% (rounded to two decimal places)
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