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Mikayla, Reyna and Derron are seeking your help to determine the annual nominal rate of interest compounded weekly that is equivalent to 9% per annum

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Mikayla, Reyna and Derron are seeking your help to determine the annual nominal rate of interest compounded weekly that is equivalent to 9% per annum compounded monthly. Lend them your assistance by selecting the best answer below. (4 marks) Select one: a 8.97344% b. 897234% c. 8.97415% d 897541% e. 9.56721%

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