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Lynna [10]
2 years ago
9

What is the APR on a loan with an effective annual rate of 15.26% and weekly compounding of interest?

Business
1 answer:
Anton [14]2 years ago
8 0

Answer:

14.22%

Explanation:

Assuming 52 weeks in a year

(1+.1526)=(1+i)^{52}\\i=.002734892\\.002734892*52=.142214377

Which rounds to about

14.22%

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