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3. Find the APR, or stated annual rate, in each of the following cases. a)An effective annual interest of 10% (the APR is compounded weekly)
3. Find the APR, or stated annual rate, in each of the following cases.
a)An effective annual interest of 10% (the APR is compounded weekly) A.11.45% B.10.25% C.7.63% D.9.54% E.10.49%
b) An effective annual interest of 16% with infinite (or continuous) compounding A.16.33% B.15.96% C.13.36% D.16.64% E.14.84%
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