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A person borrows $240 from a payday loan company, and pays $28 interest for two weeks. This would result in an annual interest rate of
A person borrows $240 from a payday loan company, and pays $28 interest for two weeks. This would result in an annual interest rate of approximately __________blank percent. Ignore compounding
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Handbook Of The Economics Of Finance Volume 2A
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
0444535942, 978-0444535948
