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Posted on May 18, 2024

Crazy Cliff's Car Coral has offered to sell you a used Mustang for $15,000.You are required to make a $3,000 down payment and weekly payments

Crazy Cliff's Car Coral has offered to sell you a used Mustang for $15,000.You are required to make a $3,000 down payment and weekly payments of $200 (first payment due next week) for 3 years?What is the effective annual rate (EAR) on this loan?

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