Calculate annual effective rate of discount

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Qusetion: A deposit of X is made into a fund which pays an annual effective interest rate of 6% for 10 years. At the same time, X/2 is deposited into another fund which pays an annual effective rate of discount of d for 10 years. The amounts of interest earned over the 10 years are equal for both funds. Calculate d.

Reference no: EM131966208

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