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Jake Peralta kept RM1 in each of these 3 different accounts: (i) Account A with rate of interest 8%. Account B with rate of

Jake Peralta kept RM1 in each of these 3 different accounts: (i) Account A with rate of interest 8%. Account B with rate of discount 5%. Account C with rate of interest convertible monthly r. After n periods, the ratio of the accumulated value in Account A to Account B is equal to the accumulated value in Account C. Find r. (6 marks) (ii) Find the quarterly effective rate of discount for Account A and Account C.

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