[Solved] 3. A fintech firm is willing to lend you

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3. A fintech firm is willing to lend you 500 dollars today to be repaid five days later. On top of the principal repaid, the

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3. A "fintech" firm is willing to lend you 500 dollars today to be repaid five days later. On top of the principal repaid, the firm charges you a 2.5 dollar "convenience fee." (a) What is the APR of the loan? (b) What's the EAR of the loan

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