Question: Please solve in excel and show work Mama Helene in LeMars offers loans to her policyholders against the cash value of their policies at a

Please solve in excel and show work
Mama Helene in LeMars offers loans to her policyholders against the cash value of their policies at a (nominal) annual interest rate of 15.5 percent, compounded weekly. Calculate the effective annual percentage interest rate on these loans. Calculate the effective annual percentage rate on these loans if the rate is compounded once a year.

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