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28 27 A bank offers 5.00% p.a. on savings accounts, but interest on this account is compounded weekly. The effective annual rate (EAR) is __%.

A bank offers 5.00% p.a. on savings accounts, but interest on this account is compounded weekly. The effective annual rate (EAR) is __%. 1) 5.3493 2) 5.7633 3) 5.5541 4) 5.1246 5) 5.0357

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