Question $9$

$1$ pts

You prepared a contract that has an interest rate of $9\mathrm{.}40\%,$ compounded semi$-$annually. However, your boss tells you that compounding should be weekly, so you need to prepare a new contract. What shoutd be the interest rate on the new contract with weekly compounding?

$9\mathrm{.}19\%$

$8\mathrm{.}55\%$

$9\mathrm{.}37\%$

$8\mathrm{.}82\%$

$8\mathrm{.}73\%$