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ARAB Bank pays 0.07 percent , compounded weekly ( based on 52 weeks ) , on an 8 - month certificate of deposit . If

ARAB Bank pays 0.07 percent , compounded weekly ( based on 52 weeks ) , on an 8 - month certificate of deposit . If you deposit $ 14000 . what is the effective annual rate what is the amount of interest paid to you in 8 months ?

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