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10) One of Dr. Tutt's former students like economics and finance. She started her own business making short term loans. Her business model is

10) One of Dr. Tutt's former students like economics and finance. She started her own business making short term loans. Her business model is she only makes $100. Each borrower must repay her $110 in seven days: a. What interest rate is she charging per loan? b. Is this a good business?

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