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Friendly's Quick Loans, Inc., offers you ive for six or I knock on your door This means you get $5.00 today and repay $6.00 when

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Friendly's Quick Loans, Inc., offers you "ive for six or I knock on your door" This means you get $5.00 today and repay $6.00 when you get your paycheck in one week (or else) If you were brave enough to ask, what APR would Friendly's say you were paying? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places. e.g. 32.16.) APR What's the effective annual return Friendly's earns on this iending business? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) EAR

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