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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 effective rate. Find the annual nominal rate, compounded weekly, that gives the effective rate. Part of a Identify the formula needed to solve the given finance problem with the information given. A B C D E Part of b Which variable in Formula are we solving for? Part of c Fill in the formula and solve. Part of d What is the final answer? Round your final answer to two decimal places.
An investment firm advertises certificates of deposit paying a effective rate. Find the annual nominal rate, compounded weekly, that gives the effective rate.
Part of
a Identify the formula needed to solve the given finance problem with the information given.
A
B
C
D
E
Part of
b Which variable in Formula are we solving for?
Part of
c Fill in the formula and solve.
Part of
d What is the final answer? Round your final answer to two decimal places.
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