Question Mode Multiple Choice Question   If the annual percentage rate (APR) of an investment is 10% compounded weekly, what is the effective annual rate (EAR)? Assume 52 weeks in a year. Multiple choice question. 13.45% 12.23% 11.25% 10.51%

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
Question

Question Mode

Multiple Choice Question

 

If the annual percentage rate (APR) of an investment is 10% compounded weekly, what is the effective annual rate (EAR)? Assume 52 weeks in a year.

Multiple choice question.

13.45%

12.23%

11.25%

10.51%

 

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