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Assume you visit a Checks R Us to see what their rates are on loans. If they quote an APR of 10,5000%, and they charge

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Assume you visit a Checks R Us to see what their rates are on loans. If they quote an APR of 10,5000%, and they charge interest every two weeks, what is your effective annual rate if you take loans out for the full year? Multiple Choice 11.0632% 0.1105%

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