Question: Take your time. I will like if correct. Don't answer if you don't know or I will dislike. Comment if you need more information. (1

Take your time. I will like if correct. Don't answer if you don't know or I will dislike. Comment if you need more information.

(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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