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Your local pawn shop lends money at an annual rate of 24 percent compounded weekly. What is the effective annual rate being charged on

Your local pawn shop lends money at an annual rate of 24 percent compounded weekly. What is the effective annual rate being c

Your local pawn shop lends money at an annual rate of 24 percent compounded weekly. What is the effective annual rate being charged on these loans? A) 25.16% B) 27.05% C) 26.49% D) 27.56% E) 28.64%

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