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Orange Bank is offering you a special offer where they will pay you 2.8% interest compounded hourly. What is the Effective Annual Rate you are
Orange Bank is offering you a special offer where they will pay you 2.8% interest compounded hourly. What is the Effective Annual Rate you are being offered? (Assume 24 hours a day and 365 days a year.)
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
6th edition
1305637100, 978-1305637108
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