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Joy is considering financing a car that she buys through the car dealership. The dealership offers financing and says that they offer loans that have

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Joy is considering financing a car that she buys through the car dealership. The dealership offers financing and says that they offer loans that have 3% anncial interest. where interest is compounded weckly. What is the effective anntal interest rate for this loan? Assume that there are 52 weeks per year

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