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Subject:FINN1300 Please Solve Faster as soon as possible i just want the correct option Thanks ARAB Bank pays 0.056 percent, compounded weekly (based on 52

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Subject:FINN1300 Please Solve Faster as soon as possible i just want the correct option Thanks

ARAB Bank pays 0.056 percent, compounded weekly (based on 52 weeks), on an 8-month certificate of deposit. If you deposit $18000. what is the effective annual rate what is the amount of interest paid to you in 8 months

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