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10. Find the effective rate for a payday loan which charges $38.59 for a two week loan of $320. (Round to two decimal places.) 12.

10. Find the effective rate for a payday loan which charges $38.59 for a two week loan of $320.

(Round to two decimal places.)

12. Find the time required for $5000 to be equal to $17,000 when deposited at 5% compounded monthly.

Please help with both questions.

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