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You are given the opportunity to borrow $650 today and must repay $738 in 6 weeks. What is the correct EAR on this loan? Question
You are given the opportunity to borrow $650 today and must repay $738 in 6 weeks. What is the correct EAR on this loan?
Question 32 options:
200.54%
205.56%
210.57%
215.58%
220.60%
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