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You are considering the purchase of new living room furniture that costs $1,380. The store will allow you to make weekly payments of $29.74 for

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You are considering the purchase of new living room furniture that costs $1,380. The store will allow you to make weekly payments of $29.74 for one year to pay off the loan. What is the EAR of this arrangment? Multiple Choice 24.20% 21.68% 25.58% 22.82% 26.85%

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