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You want to fully finance a car purchase with a weekly annuity. The car costs $20,000. The weekly payments will be $140 for 3 years.

You want to fully finance a car purchase with a weekly annuity. The car costs $20,000. The weekly payments will be $140 for 3 years. What is the EAR for this loan? 6.2% 6.8% 5.6% 9.5% 6.0%

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