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Your bank is offering you an account that will pay 28% interest in total for a two-year deposit Determine the equivalent discount rate for a

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Your bank is offering you an account that will pay 28% 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 L%. (Round to two decimal places.)

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