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3 pts Your bank pays a quoted annual (nominal) rate of 12%. However, it compounds interest every week (52 times a year). What is the
3 pts Your bank pays a quoted annual (nominal) rate of 12%. However, it compounds interest every week (52 times a year). What is the effective annual rate (EAR)? 12.73% 23.08% 2.31% 12.68% 3 pts
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