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You plan to invest $2, 500 in a money market account which will pay an annual stated (nominal) interest rate of 8.75%, but which compounds
You plan to invest $2, 500 in a money market account which will pay an annual stated (nominal) interest rate of 8.75%, but which compounds interest on a weekly basis. If you leave this money on deposit for one year (52 weeks), what will be your ending balance when you close the account? $2, 703.46 $2, 681.00 $2, 728.40 $2, 611.72 $2, 583.28
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