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5-49. (Calculating an APR and EAR) You're in need of some money fast, and rather than ask your folks for help, you've decided to look

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5-49. (Calculating an APR and EAR) You're in need of some money fast, and rather than ask your folks for help, you've decided to look into a payday loan. At a payday loan shop right near your school you see that you can borrow $100 and repay $115 in 10 days. What are the APR and the EAR on this payday loan

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