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Question 1 0 An online lender offers a 5 % APR, compounded weekly, for its line of credit products. What is the Effective Annual Rate

Question

10

An online lender offers a

5 %

APR, compounded weekly, for its line of

credit products. What is the Effective Annual Rate

(

EAR

)

for this line of

credit?

5.12 %

5.11 %

5.09 %

5.10 %

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