Business
Business, 06.06.2020 19:00, firesoccer53881

Assume you borrow $500 from a payday lender. The terms are that you must pay a fee of $75 in advance (today) and one year from now you need to repay $750. What implied interest rate are you paying

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Assume you borrow $500 from a payday lender. The terms are that you must pay a fee of $75 in advance...

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