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P5-4 (similar to) EAR. What is the effective annual rate (EAR) of a car loan that is advertised at 9.75% (APR) and paid with weekly

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P5-4 (similar to) EAR. What is the effective annual rate (EAR) of a car loan that is advertised at 9.75% (APR) and paid with weekly paymenst? The effective annual rate (EAR) of the car loan at 9,75% APR with weekly payments is 76.14 %. (Round to two decimal places.)

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