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a well - known financial writer argues that he can earn 1 0 1 percent per year buying wine by the case. specifically, he assumes

a well-known financial writer argues that he can earn 101 percent per year buying wine by the case. specifically, he assumes that he will consume one $10 bottle of fine Bordeaux per week for the next 12 weeks. he can either pay $10 per week or buy a case of 12 bottles today. if he buys the case, he receives a 7 percent discount and, by doing so, earns the 101 percent. assume he buys the wine and consumers the first bottle today. calculate the EAR

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