30 7. Payday Loans. George has been cashing his pay check each week at a convenient payday lender that charges a $5 fee for any check under $100, rather than waiting the 7 days his bank informs him it would take for the check to clear so he could have access to his funs. His paycheck each week is $52 after taxes. Calculate the Annual Percentage Rate George is paying for this service (assuming a 52 week year). Work