First bank of midesto medeque pays a 545 nominal rate of


First bank of Midesto Medeque pays a 5.45% nominal rate of interest compounded weekly. What is the effective rate of interest?

Options

A. 5.60%

B. 5.65

C. 5.70

D. 5.75

E. None of the above

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Financial Accounting: First bank of midesto medeque pays a 545 nominal rate of
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