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A bank is offering 13.1% percent compounded weekly. What is the effective annual rate (EAR)? 12.51% 12.96% 13.52% 13.98% 11.95%

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A bank is offering 13.1% percent compounded weekly. What is the effective annual rate (EAR)? 12.51% 12.96% 13.52% 13.98% 11.95%

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