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Treasure National Bank is offering a savings account that pays 9.6% interest, compounded weekly .What is the effective annual rat e ( EFF% on your
Treasure National Bank is offering a savings account that pays 9.6% interest, compounded weekly.What is the effective annual rate (EFF% on your calculator) on this account? P/YR = 52
This is an ordinary annuity, so no "BEGIN" on the calculator
a. 10.066
b. 9.846
c. 8.478
d. 7.952
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