Your bank is offering you an account that will pay 22% interest in total for a two-year deposit. Determine the equivalent discount rate for a period length of a. Six months. b. One year c. One month. a. Six months. The equivalent discount rate for a period length of six months is % (Round to two decimal places.) b. One year %. (Round to two decimal places.) The equivalent discount rate for a period length of one year is c. One month. The equivalent discount rate for a period length of one month is % (Round to two decimal places.)