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A payday loan has a quoted rate of 70.3 % APR compounded daily. If you borrow 2447.61 $ from this lender and pay it back

A payday loan has a quoted rate of 70.3 % APR compounded daily. If you borrow 2447.61 $ from this lender and pay it back in full 35 days later, how much will the payment be?


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