Determine the single equivalent rate of discount

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Determine the single equivalent rate of discount for the discount series 18%, 10%, and 4%.

(1 - d1) = (1 - d2) = (1 - d3) =

[1 - (1 - d1)(1 - d2)(1 - d3)] = (rounded to four decimal places)

Single Equivalent Rate of Discount = % (rounded to two decimal places)

Reference no: EM133002871

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