Illustrate what apr should friendly quote

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Reference no: EM13105568

Q. Friendly's Quick Loans, Inc., offers you "three for four or i knock on your door." this means you get 3$ today and repay 4$ when you get your check in one week. Illustrate what is the EAR friendly earns? Illustrate what APR should Friendly quote?

Reference no: EM13105568

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