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Borrow $85,000 at a rate if 9% annual with weekly compounding. Whats the EAR? 1. 9.38% 2. 9% 3. 9.41% 4. 8.62%

Borrow $85,000 at a rate if 9% annual with weekly compounding. Whats the EAR?

1. 9.38%

2. 9%

3. 9.41%

4. 8.62%

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