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You are saving for a new house and you put $25,000 per year in an account...

You are saving for a new house and you put $25,000 per year in an account paying 4.5%.  The first payment is made today.  How much will you have at the end of 3 years?

AmeriCash Advance allows you to write a check for $120 dated 18 days in the future, for which they give you $100 today (in most states). So, what are the APR and EAR of this arrangement?

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