a Calculate the single equivalent discount rate for each company Note Do not round intermediate calculations Round your final

Question

a Calculate the single equivalent discount rate for each company Note Do not round intermediate calculations Round your final answers to the nearest hundredth percent Answer is complete but not entirely correct Single equivalent discount rate Company A Company B 9 50 11 00 b Which of the following companies A or B gives a higher discount Use the single equivalent discount rate to make your choice Company A Company B

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