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What is the nominal annual rate (APR) if a bank charges you a 4 percent actual rate (EAR=4%) compounded weekly (52 weeks a year)?
What is the nominal annual rate (APR) if a bank charges you a 4 percent actual rate (EAR=4%) compounded weekly (52 weeks a year)?
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Investment Science
Authors: David G. Luenberger
2nd Edition
0199740089, 978-0199740086
