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A car company has offered to sell you a car for $15,000. You are required to...

A car company has offered to sell you a car for $15,000. You are required to make a $3,000 down payment and weekly payments of $200 (first payment due next week) for 3 years. What is the effective annual rate (EAR) on this loan?

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jeff jeffy answered 3 years ago
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