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1. Compute the effective annual interest rate, given a nominal rate of 8%, compounded weekly? 2. If the bank is currently quoting 7%, compounded twice
1. Compute the effective annual interest rate, given a nominal rate of 8%, compounded weekly?
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1 Effective Annual Interest Rate with Weekly Compounding EAI 1 008 52 52 EAI 100015384615 E...
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
6th edition
1305637100, 978-1305637108
