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Antonio had unexpected expenses this month and didn't have enough in his saving account to pay the rent of $900. He went to Ace Cash
Antonio had unexpected expenses this month and didn't have enough in his saving account to pay the rent of $900. He went to Ace Cash Express to borrow the money until his next paycheck 14 days from now. Antonio charges $100 interest for the 7 days. What is the APR for this payday loan ?
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Fundamental Accounting
Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit
7th Edition
1485112117, 9781485112112
