Question: without use Excel .. only by a formla For the first two years the annual effective interest rate is 6%. Then for D 2 the

without use Excel .. only by a formla
For the first two years the annual effective interest rate is 6%. Then for D 2 the force of interest is 1/t1.t), where t is the numb 5 years. er of years from today. Calculate the effective annual discount rate over the 1.0.12 2.0.15 3.0.18 4,0.21 5.0.24
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