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A loan is offered with bi-weekly payments (26 payments per year) and a 17.00 percent APR. What's the loan's effective annual rate (EAR)? Note:
A loan is offered with bi-weekly payments (26 payments per year) and a 17.00 percent APR. What's the loan's effective annual rate (EAR)? Note: Round your final answer to 2 decimal places. Effective annual rate %
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
