What annual interest rate is implied by your answer to exercise 18.2? Is it the same as the rate in.

What annual share admonish is involved by your solution to practice 18.2? Is it the similar as the admonish in practice 18.3? Why would this similitude subject?

practice 18.2

You obtain take a 20,000 insurance liquidation in 12 months. If you are obtaining to confirm a poor liquidation, you can be paid in 11 months. Would you be obtaining to confirm 19,800? 19,500? 19,000? Less?