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ou are considering the purchase of new living room furniture that costs $1,400. The store will allow you to make weekly payments of $30.02 for

ou are considering the purchase of new living room furniture that costs $1,400. The store will allow you to make weekly payments of $30.02 for one year to pay off the loan. What is the EAR of this arrangment?

rev: 02_14_2019_QC_CS-158611

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  • 24.30%

  • 20.71%

  • 25.51%

  • 23.05%

  • 21.80%

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