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revAdmin (Created page with "'''Solution: B''' Rate of discount: 13% convertible every 4 years Find the equal rate of interest convertible monthly: <math display = "block"> \begin{gathered}(1-\mathrm{d} / \mathrm{n})^{-\mathrm{n}}=(1+\mathrm{i} / \mathrm{n}) \\ (1-.13 /(1 / 4))^{-1 / 4}=(1+\mathrm{i} / 12)^{12} \\ 1.2014=(1+\mathrm{i} / 12)^{12} \\ .185=\mathrm{i}\end{gathered} </math> {{cite web |url=https://digitalcommons.calpoly.edu/cgi/viewcontent.cgi?article=1008&context=statsp |last=Hard...")Nov 22'23 at 0:06+627