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A payday loan company charges a $80 fee for $650 payday loan that will be repaid in 20 days. treating the fee as interest paid,

A payday loan company charges a $80 fee for $650 payday loan that will be repaid in 20 days.

treating the fee as interest paid, what is the equivalent annual interest rate ?

round to the nearest percent. this will be over 100%

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