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Question 8 What is the effective annual rate of 7.5 percent p.a. compounding weekly? Hint: if your answer is 5.14%, please input as 5.14, rather

Question 8

What is the effective annual rate of 7.5 percent p.a. compounding weekly?

Hint: if your answer is 5.14%, please input as 5.14, rather than 0.0514, or 5.14%, or 5.14 per cent.

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