Express the interest rate of 38.6 % per semiannual period compounded weekly in the following form: effective rate per…

Express the interest rate of 38.6 % per semiannual period compounded weekly in the following form: effective rate per…

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Express the interest rate of 38.6 % per semiannual period compounded weekly in the following form: effective rate per week
(Write the answer without %, for example if the answer is 3.52% just write 3.52, use two digits after decimal point)

Expert Answer:

Answer rating: 100% (QA)

Rate of Interest R 38 6 x Periodic Rate Number of
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