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  3. question 3 [total marks: 4] assuming a rate of dis

QUESTION 3 [TOTAL MARKS: 4] Assuming a rate of discount convertible monthly of 10% per...

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Accounting

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QUESTION 3 [TOTAL MARKS: 4] Assuming a rate of discount convertible monthly of 10% per annum calculate: (a) The equivalent rate of interest per annum convertible quarterly (b) The equivalent rate of discount per annum convertible half-yearly [2] [2] [End of Question3]

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