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Which simple interest rate over six years is closest to being equivalent to the following: (i) an effective rate of discount of 4% for the
Which simple interest rate over six years is closest to being equivalent to the following: (i) an effective rate of discount of 4% for the first year, (ii) an effective rate of discount of 5% for the second year, (iii) an effective rate of discount of 7% for the third year, (iv) an effective rate of interest of 9% for the fourth, fifth, and sixth years?
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