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You are considering the purchase of new living room furniture that costs $1,140. The store will allow you to make weekly payments of $25.12 for

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You are considering the purchase of new living room furniture that costs $1,140. The store will allow you to make weekly payments of $25.12 for one year to pay off the loan. What is the EAR of this arrangment? Multiple Choice 31.42% 27.39% 29.41% 2602% 32.99%

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