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1). Payday loans are very short-term loans that charge very highinterest rates. You can borrow $200 today and repay $270 in twoweeks. What is the

1). Payday loans are very short-term loans that charge very highinterest rates. You can borrow $200 today and repay $270 in twoweeks. What is the compounded annual rate implied by this 35percent ra 2 answers

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