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What is the effective annual rate (EAR) of a car loan that is advertised at 5% (APR) and paid with weekly paymenst? round to two

What is the effective annual rate (EAR) of a car loan that is advertised at 5% (APR) and paid with weekly

paymenst? round to two decimal place.

Please give an explanation to what you are doing as you answer. Thanks.

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