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Your bank is offering you an account that will pay 18% interest in total for a two year deposit. Determine the equivalent discount rate for

Your bank is offering you an account that will pay 18% interest in total for a two year deposit. Determine the equivalent discount rate for the following:

A. Six Months

B. One Year

C. One Month

((Note) Be careful not to round any intermediate steps less than six decimal places)

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