6. A payday loan operation charges an individual $75 against a paycheck of $1500 to be received three weeks from now (i.e. the individual receives $1425 today and provides their paycheck to the lender at the end of three weeks). . What simple annual interest rate is the individual being charged? What is the maximal fee the lender could charge under Montana's 36% interest rate limit using simple compounding? Would you make the loan to an unsecured third party under these terms?