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Assume the $14,248 Treasury bill, 5% for 10 weeks. Calculate the effective rate of interest. (Use calendar year. Round your answer to the nearest hundredth

Assume the $14,248 Treasury bill, 5% for 10 weeks. Calculate the effective rate of interest.(Use calendar year. Round your answer to the nearest hundredth percent.)

Effective rate of interest%

rev: 11_10_2017_QC

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