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A particular payday loan company offers quick, short - term loans using the borrower's future paychecks as collateral. The loan company charges $ 1 7

A particular payday loan company offers

quick, short

-

term loans using the

borrower's future paychecks as collateral. The loan company charges

17

for each

120

loaned for a term of

16

days. Find the APR charged by the payday loan company

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