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American Eagle Financial Sources, which makes small loans to college students, offers to lend a student $500. The borrower is required to pay $38 at

American Eagle Financial Sources, which makes small loans to college students, offers to lend a student $500. The borrower is required to pay $38 at the end of each week for 16 weeks. find the interest rate per week. what is the nominal interest rate per year? what is the effective interest rate per year

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