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Posted on Aug 17, 2024

A loan is offered with bi - weekly payments ( 2 6 payments per year ) and a 1 5 . 2 5 percent APR.

A loan is offered with bi

-

weekly payments

(26

payments per year

)

and a

15.25

percent APR. What

s the loan

s effective annual rate

(

EAR

) ?

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