Convert 12% annual rate, compounded weekly into simple annual rate

Question

Question

Answer 1

Answer #1

Assuming 52 weeks a year, the simple interest rate, (equivalent to annual rate of 12% compounded weekly) is 12.73410% calculated as follows:

C5 fax = ((1+C2/C4)^04)-1 Given Given 12.00% Weekly 1 Effective annual rate (Simple Interest Rate) 2 Yearly Nominal Rate (R)

Answer 2

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