Determining the quoted annual interest rate

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Reference no: EM13969764

What will $164,000 grow to be in 6 years if it is invested today in an account with a quoted annual interest rate of 13% with weekly compounding of interest? (Assume 52 weeks per year.)

$351,904
$357,413
$361,010
$322,520
$345,118

Reference no: EM13969764

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