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Your TV blows up while watching Springer. The new one you would like to have costs $500, which you don't have right now. Rent-To-Own has

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Your TV blows up while watching Springer. The new one you would like to have costs $500, which you don't have right now. Rent-To-Own has the TV you want for $10.56 per week, due on Monday of each week with the first payment to be made when you take possession. At the end of 1 year (52 payments), you own the set. What interest rate are they charging

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