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Print References c. The check-cashing store also makes one-month add-on interest loans at 6.4 percent discount interest per week. Thus if you borrow $140 for

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Print References c. The check-cashing store also makes one-month add-on interest loans at 6.4 percent discount interest per week. Thus if you borrow $140 for one month (four weeks),the interest will be ($140 * 1.0644) - 140 = $39.43. Because this is discount interest, your net loan proceeds today will be $100.57. You must then repay the store $140 at the end of the month. To help you out, though, the store lets you pay off this $140 in installments of $35 per week. What is the APR of this loan? What is the EAR? (Round your answers to 2 decimal places. (e.g., 32.16)) Annual percentage rate Effective annual rate D %

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