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The effective continuous rate of a certain account is known to be re. If the account were compounded every week instead, what APR r would
The effective continuous rate of a certain account is known to be re. If the account were compounded every week instead, what APR r would you need to achieve the same growth in the account?
A. r = 52e7c/52
B. r = ec - 1
C. r = 52 (erc/52 - 1)
D. r = 52 (erc - 1)/52
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