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A poster in the window of an RBC branch features a series of cherry trees in bloom, with the tag, Investing $25 a week can
A poster in the window of an RBC branch features a series of cherry trees in bloom, with the tag, Investing $25 a week can blossom into $7,380 in 5 years. Assuming that the bank intends for you to make the first of 5 years-worth of weekly payments today (and that there are 52 weeks in every year), what effective interest rate are they offering?
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