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You buy a phone for regular price of $1399. Company is offering a special 0% financial deal! Simply make 24 equal monthly payments. However if

You buy a phone for regular price of $1399. Company is offering a special 0% financial deal! Simply make 24 equal monthly payments. However if you make the full payment upfront, you get a 10% discount. What is the effective financing rate? Calculate EPR and EAR **please answer using equations instead of excel or calculator function**

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