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(Solved): Find The Level Effective Rate Of Interest Over A Three-year Period Which Is Equivalent To An Effecti...

Find the level effective rate of interest over a three-year period which is equivalent to an effective rate of discount of 3%

Find the level effective rate of interest over a three-year period which is equivalent to an effective rate of discount of 3% the first year, 8% the second year, 11% the third year. Round your answer to 3 decimal places.

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