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Please answer the questions below in detail as seen in theimage! Thank you! Your bank is offering you an account that will pay ( 20

Please answer the questions below in detail as seen in theimage! Thank you! Your bank is offering you an account that will pay \( 20 \% \) interest (an effective two-year rate) in total for a two-year deposit. Determine the equivalent discount rate for the following periods: 2 answers

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