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From the following extract of an amortisation schedule pertaining to a compound financial instrument, what...

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Accounting

From the following extract of an amortisation schedule pertaining to a compound financial instrument, what is the effective-interest rate embodied in the instrument? Picture 6% 5% variable, as shown in the table it has increased from 5.5837% in Period 1 to 6.2738% in Period 3 4% .

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