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Gringotts Compounding Bank is offering you a loan with an annual rate of 10% compounded weekly. What is the effective annual rate you will be

Gringotts Compounding Bank is offering you a loan with an annual rate of 10% compounded weekly. What is the effective annual rate you will be paying if you take the loan?

		10.00%
		9.77%
		11.07%
		10.51%

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