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44. EAR . What is the effective annual rate (EAR) of a mortgage that is advertised at 7.5% (APR) over the next twenty years and

44. EAR. What is the effective annual rate (EAR) of a mortgage that is advertised at 7.5% (APR) over the next twenty years and paid with weekly payments?

What is the effective annual rate (EAR) of the mortgage at 7.5% APR with weekly payments?

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