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The bank offers a weekly interest rate of 0.1%. What is the equivalent effective annual interest...

The bank offers a weekly interest rate of 0.1%. What is the equivalent effective annual interest rate? (Round to 2 decimals.)

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Answer #1

When Oot converted to annually - 0152 IN = 512 7. I (annually) . Es P1+ 0.052,7 - 052-1 TE = 5.27. =N= 0.1). (weekly) When it converted to Refferette rake E = (1+uge - Whene Ea effechle rate Navarral rake (= compordedig frequ

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