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Jason is investing his money in a financial institution whose interest rate is 15% compounded...

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Accounting

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Jason is investing his money in a financial institution whose interest rate is 15% compounded Monthly. Jason has been told that he can cash out the interest amount on weekly basis. Jason's calculation of the effective interest rate for payments on weekly basis is close to: O 0.00311 Wrong information is given to Jason 0.00583 O 0.03110 O 0.00292 Skip this question to avoid any negative score

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