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vears and 2n years is SS. If the compound CITSU 13 0, 2. (3pts) The effective discount rate in year k is 0.02k +

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vears and 2n years is SS. If the compound CITSU 13 0, " 2. (3pts) The effective discount rate in year k is 0.02k + 0.01 for k = 1,2,3. Find the equivalent simple interest rate over the same 3-year period. nt grows according to simple discount at an annual rate of 4%

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