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Question 2 : Mavericks Bookstore sells books before they are published. Today, they offered the book I love me some Finance for $ 1 4

Question

2

: Mavericks Bookstore sells books before they are published. Today, they offered the book I love me some Finance for $

14

but the book will not be published for another two years. Upon publishing, the price of the book will be $

30.00 .

What is the discount rate

(

annual

)

Mavericks Bookstore is offering its customers for this book?

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