Mathematics, 23.06.2019 05:00, KathyRayG7456

If a person borrows $450 at the beginning of the month and promises to pay back $543.75 on payday at the end of the month, what is their monthly interest rate? what is the associated apr of this payday loan?

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If a person borrows $450 at the beginning of the month and promises to pay back $543.75 on payday at...

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