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5. You urgently need $100 and you go to a payday loan company, which loans you $100 in exchange for your check, which is post-

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5. You urgently need $100 and you go to a payday loan company, which loans you $100 in exchange for your check, which is post- dated 18 days in the future, in an amount of $115. What is the annual percentage rate (APR) that you are actually paying on this loan A. 304.2% B. 381.8% C. 424.5% OD. 516.79 Reset Selection

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