medl/ HIUMeal ill. The discount function 3. (7pts) For compound rate i, with equivalent discount rated, a. State whether the following are constant or nonconstant. I. The amount of interest in the nth time period ii. The effective interest rate for the nth time period constant/ nonconstant constant/ nonconstant b. State whether the following are linear or nonlinear. i. The accumulation function linear / nonlinear ii. The amount function linear / nonlinear iii. The discount function linear / nonlinear ( unarst an annual effective interest rate of 25%. For the equivalent loan at