[Solved] The pawn shop adds 2 percent to loan bala

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The pawn shop adds 2 percent to loan balances for every two weeks a loan is outstanding. What is the effective annual rate they are

The pawn shop adds 2 percent to loan balances for every two weeks a loan is outstanding. What is the effective annual rate they are charging?

Select one: a. 73.08% b. 51.21% c. 67.34% d. 79.97% e. 83.43%

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