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Dwight Schrute offers Andy Bernard the opportunity to purchase a complete personal security system on the following terms: $85 per week for 78 weeks. If

Dwight Schrute offers Andy Bernard the opportunity to purchase a complete personal security system on the following terms: $85 per week for 78 weeks. If Schrute would normally sell the surveillance equipment for $3000, what is the Effective Annual Rate (EAR) that is implied by Schrutes offer to Bernard? Please show your work.

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