Question: Jones borrows $1,000 for five years. Simple interest is charged. The accumulated value at the end of the term will be $1, 330. The following

Jones borrows $1,000 for five years. Simple interest is charged. The

Jones borrows $1,000 for five years. Simple interest is charged. The accumulated value at the end of the term will be $1, 330. The following effective rates of interest and discount over the same five year time period will produce the same accumulated value What is the discount rate X

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