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Your credit card has a quoted rate of 17% compounded weekly. What is the effective annual rate?

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Your credit card has a quoted rate of 17% compounded weekly. What is the effective annual rate?

Your credit card has a quoted rate of 17% compounded weekly. What is the effective annual rate?

▸ 17.00%

▸ 18.50%

▸ 884%

▸ 32.69%

Textbook

Corporate Finance

Corporate Finance

Edition: 5^th

Author: Booth

Read 27 times

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