Your local pawn shop loans money at an annual rate of 23 percent and compounds interest weekly. What is the actual rate being charged on these loans? A. 26.56 percent B. 25.16 percent C. 26.49 percent D. 25.80 percent
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Home » Business » Your local pawn shop loans money at an annual rate of 23 percent and compounds interest weekly. What is the actual rate being charged on these loans? A. 26.56 percent B. 25.16 percent C. 26.49 percent D. 25.80 percent