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What is the nominal annual rate (APR) if a bank charges you a 8 percent actual rate (EAR=6%) compounded weekly (52 weeks a year)? (hint:

What is the nominal annual rate (APR) if a bank charges you a 8 percent actual rate (EAR=6%) compounded weekly (52 weeks a year)? (hint: use nominal function in excel) 5,81% 5.82% 58396 0 58496

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