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Question 16 (3.5 points) You are offered an investment with a quoted annual interest rate of 8% with weekly compounding of interest. What is your

Question 16 (3.5 points) You are offered an investment with a quoted annual interest rate of 8% with weekly compounding of interest. What is your effective annual interest rate? 8.60% 8.19% 7.79% 8.32% 8.00%

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