Question: ARAB Bank pays 0.07 percent, compounded weekly (based on 52 weeks), on an 8-month certificate of deposit. If you deposit $15000. what is the effective

ARAB Bank pays 0.07 percent, compounded weekly

ARAB Bank pays 0.07 percent, compounded weekly (based on 52 weeks), on an 8-month certificate of deposit. If you deposit $15000. what is the effective annual rate what is the amount of interest paid to you in 8 months

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