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Mathematics of Investment and Credit: A contract calls for payments of 750 every 4 months for several years.Each payment is to be replaced by two

Mathematics of Investment and Credit:

A contract calls for payments of 750 every 4 months for several years.Each payment is to be replaced by two payments of 367.85 each ,one to be made 2 months before , and one to be made at the time of, the original payment. Find the 2-month rate of interest implied by this proposal if the new payment scheme is financially equivalent to the old one. Please show your work.

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