What rate compounded quarterly is equivalent to (c) 10% simple interest for two years, and (d) 10% simple discount rate for 2 year

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter1: Understanding Personal Finance
Section1.4: Perform Time Value Of Money Calculations
Problem 3CC
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What rate compounded quarterly is equivalent to (c) 10% simple interest for two years, and (d) 10% simple discount rate for 2 years?

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