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2.00 points A pawnshop will lend $5,250 for 45 days at a cost of $35 interest. What is the effective rate of interest? (Use a

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2.00 points A pawnshop will lend $5,250 for 45 days at a cost of $35 interest. What is the effective rate of interest? (Use a 360-day year Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places Efective rate of interest

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