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Meg loans a friend 2800 which is to be repaid in 20 years by a single payment of 3696. The nominal annual discount rate earned

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Meg loans a friend 2800 which is to be repaid in 20 years by a single payment of 3696. The nominal annual discount rate earned by Meg on this payment is d2) Note: The rate is compounded monthly. Find d12) (a) 1.354% (b) 1.362% (c) 1.379% (d) 1.387% (e) 1.399%

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