Question: See pic below, you can write your answer on paper and submit a picture, but you must include all the steps for full credit What's

See pic below, you can write your answer on paper and submit a picture, but you must include all the steps for full credit What's the Equivalent interest rate? Mr. Fox was going to the bank to get a loan at 10% compounded quarterly. Mr. Wolf, said to him "I can give you a loan instead! But all my loans are always compounded annually." What is the interest rate (i/v) Mr. Fox should ask Mr. Wolf for to get the same value loan
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