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MacPherson Corp. has borrowed to invest in a project. The loan calls for a payment of $17,500 every quarter for eight years. The lender quoted

MacPherson Corp. has borrowed to invest in a project. The loan calls for a payment of $17,500 every quarter for eight years. The lender quoted MacPherson a rate of 4.84 percent with weekly compounding. At what rate would you discount the payments to find the amount borrowed by Macpherson Corp.?

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