A check---cashing store is in the business of making, Financial Management

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A check---cashing store is in the business of making

A check---cashing store is in the business of making personal loan to walk---up customers. The store makes only one---week loans at 7.5 percent interest per week. What APR must the store report to its customer? What EAR are customers actually paying?

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Financial Management: A check---cashing store is in the business of making

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Financial Management: A check---cashing store is in the business of making

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