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An investment firm advertises certificates of deposit paying a 6 . 4 % effective rate. Find the annual nominal rate, compounded weekly, that gives the

An investment firm advertises certificates of deposit paying a 6.4% effective rate. Find the annual nominal rate, compounded weekly, that gives the effective rate.
Part 1 of 4
(a.) Identify the formula needed to solve the given finance problem with the information given.
A.I=Prt
B.A=P(1+rt)
C.A=P(1+i)n,i=rm,n=mt
D.reff=(1+rm)m-1
E.reff=(AP)1t-1
Part 2 of 4
(b.) Which variable in Formula D are we solving for?
Part 3 of 4
(c.) Fill in the formula and solve.
064(1+r5252)5252
Part 4 of 4
(d.) What is the final answer? Round your final answer to two decimal places.
%
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