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22. Calculating EAR [LO4] Friendly's Quick Loans, Inc., offers you three for four or one knock on your door. This means you get $3 today

22. Calculating EAR [LO4] Friendly's Quick Loans, Inc., offers you "three for four or one knock on your door." This means you get $3 today and repay $4 when you get your paycheck in one week (or else)...

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