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Dwight Schrute offers Andy Bernard the opportunity to purchase a complete personal security system on the following terms: $60 per week for 78 weeks. If
Dwight Schrute offers Andy Bernard the opportunity to purchase a "complete personal security system" on the following terms: $60 per week for 78 weeks. If Schrute would normally sell the surveillance equipment for $2500, what is the Effective Annual Rate (EAR) that is implied by Schrute's offer to Bernard? 94% 154% O 305% 0 24% O 142%
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