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You are considering the purchase of new living room furniture that costs $1,100. The store will allow you to make weekly payments of $24.15 for

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You are considering the purchase of new living room furniture that costs $1,100. The store will allow you to make weekly payments of $24.15 for one year to pay off the loan. What is the EAR of this arrangment? Multiple Choice 30.43% 0 26.62% 26.64% 0 28.54% 28.54% 25.31%

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