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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 8.0870%, 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 8.0870%, and they charge interest every two weeks, what is your effective annual rate if you take loans out for the full year? Multiple Choice 0.3115% a 80870 8.40945 0.034 3.4185

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