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14. What is the nominal rate per annum, compounded monthly that is equivalent to 3% per annum, compounded weekly? (1) 4.80000096 (2) 5.008019% (3) 3.002886%

14. What is the nominal rate per annum, compounded monthly that is equivalent to 3% per annum, compounded weekly? (1) 4.80000096 (2) 5.008019% (3) 3.002886% (4) 3.994584%

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