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Your bank is offering you an account that will pay 17 %17% interest (an effective two-year rate) in total for a two-year deposit. Determine the

Your bank is offering you an account that will pay

17 %17%

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

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