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Your bank is offering you an account that will pay 20% interest (an effective two year rate) in total for a two year deposit. Determine

Your bank is offering you an account that will pay 20% interest (an effective two year rate) in total for a two year deposit. Determine the equivalent discount rate for the following periods

a- six months

b- one year

c- one month

Please show how to get the answer using a financial calculator.

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