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Question 10 A payday loan company charges a $75 fee for a $700 payday loan that will be repaid in 13 days. Treating the fee as interest paid, what is the equivalent annual interest rate? % interest Round to the nearest percent. This will be over 100%
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Question 10 A payday loan company charges a $75 fee for a $700 payday loan that will be repaid in 13...
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