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Ricky Ripov's Pawn Shop charges an intrest rate of 15.25 percent per quarter on loans to its customers. Like all lenders, Ricky must report an

Ricky Ripov's Pawn Shop charges an intrest rate of 15.25 percent per quarter on loans to its customers. Like all lenders, Ricky must report an APR to consumers.

A. Annual Percentage rate that the shop should report is __________.

B. Effective annual rate is _____________.

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