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What is the effective annual rate if the annual percentage rate is 11% compounded weekly? Enter your answer as a percentage rounded to two decimal

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What is the effective annual rate if the annual percentage rate is 11% compounded weekly? Enter your answer as a percentage rounded to two decimal places. Do not include the percentage sign in your answer Enter your answer below 11.1 Correct response 11.6110.01% Click "Verity to proceed to the part of the question Given the EAR of 1161%, what is the future value of $5,000 invested at an annual percentage rate of 11 compounded weekly for 9 years? Enter your response below Number Click Verity to proceed Section Attempt 1 of 1 Verify Submit Assignment Quit & Save

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