Question: Please comment if you need more information. Correct answer will get like. (1 point) (Exercise 1.21) Find the annual effective rate of discount at which

Please comment if you need more information. Correct answer will get like.

(1 point) (Exercise 1.21) Find the annual effective rate of discount at which a payment of $400 immediately and $500 one year from today will accumulates to $1200 two years from today. Answer = %

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