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Friendly's Quick Loans, Inc., offers you $6.75 today but you must repay $9.10 when you get your paycheck in one week (or else). What is

Friendly's Quick Loans, Inc., offers you $6.75 today but you must repay $9.10 when you get your paycheck in one week (or else). What is the effective annual return Friendly's earns on this lending business?

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