An effective rate of 29,61% corresponds to a nominal rate, compounded weekly, of [1] 29,53%. [2] 29,61%. [3] 34,35%. [4] 26,00%. [5] none of the above.

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
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An effective rate of 29,61% corresponds to a nominal rate, compounded weekly, of

[1] 29,53%.

[2] 29,61%.

[3] 34,35%.

[4] 26,00%.

[5] none of the above.

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