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If the 1 year discount factor is 0.88, the 2-year discount factor is 0.72 and the 3-year annuity factor is 2.25, what is the 3rd
If the 1 year discount factor is 0.88, the 2-year discount factor is 0.72 and the 3-year annuity factor is 2.25, what is the 3rd year interest rate?
Don't round off until you get to the end.
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