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If the annual percentage rate (APR) is 5% and the compounding period is weekly, what is the effective annual rate (EAR)? Enter your answer as

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If the annual percentage rate (APR) is 5% and the compounding period is weekly, what is the effective annual rate (EAR)? Enter your answer as a percentage. Do not include the percentage sign in your answer. Enter your response below (rounded to 2 decimal places)

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