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Find rate of compound discount

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Reference no: EM132652244

You invest P in a fund earning interest at i (2). You earn $610.94 of interest over 3 years. The equivalent amount of discount earned over the same 3-year period on P is $497.00. What would P accumulate to at the end of 5 years if it was invested at a rate of compound discount, d (4), that is equal to i (2) (not equivalent to, but equal to i (2))?

Reference no: EM132652244

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