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The effective rate of discount per annum is 5%. Calculate: (i) the equivalent force of interest; (ii) the equivalent rate of interest per annum
The effective rate of discount per annum is 5%. Calculate: (i) the equivalent force of interest; (ii) the equivalent rate of interest per annum convertible monthly; (iii) the equivalent rate of discount per annum convertible monthly.
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Finite Mathematics and Its Applications
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
12th edition
978-0134768588, 9780134437767, 134768582, 134437764, 978-0134768632
