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a cash advance company in town advertises a loan product get $200 today and pay $203 two weeks later. (i)what is the (annual) nominal interest

a "cash advance" company in town advertises a loan product "get $200 today and pay $203 two weeks later".

(i)what is the (annual) nominal interest rate on the loan?

(ii) What is the (annual) effective interest rate on this loan?

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