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A lending institution offers to lend $300.000 now on a contract in which the borrower must pay back S10,000 M at the end of each

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A lending institution offers to lend $300.000 now on a contract in which the borrower must pay back S10,000 M at the end of each week for the next 35 weeks. What is the effective annual interest rate expressed in percent per year compounded annually? What is the nominal annual rate

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