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Determine the nominal annual interest rate

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Problem - Determine (within one basis point) the nominal annual interest rate (APR) compounded weekly which is equivalent to a nominal annual rate (APR) of 1.2%/year compounded quarterly. (Indicate your answer as a percentage without the % symbol; for instance, if your answer is 10%/year, then simply write 10.)

Reference no: EM132953365

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