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The equivalent compounding discount rate to the 5% compounding interest rate if the time of the investment is 3 years, the frequency of compounding in

The equivalent compounding discount rate to the 5% compounding interest rate if the time of the investment is 3 years, the frequency of compounding in semi-annual and the amount of the investment is 2000 use is:

a. 5.13%

b. 4.35%

c. 6%

d. 4.88%

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