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ARAB Bank pays 0.056 percent, compounded weekly (based on 52 weeks), on an 8-month certificate of deposit . If you deposit $20000T : what is

ARAB Bank pays 0.056 percent, compounded weekly (based on 52 weeks), on an 8-month certificate of deposit . If you deposit $20000T : what is the effective annual rate what is the amount of interest paid to you in 8 months

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