Question a bank offers an account that pays an apr of 43, Ask an Expert

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Question: A bank offers an account that pays an APR of 4.3% with weekly compounding.

a) What is the effective annual rate of the account?

b) What would the effective annual rate of the account be if it paid continuous compounding?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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