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George has been cashing his paycheck each week at a convenient payday lender that charges a $6 fee for any check under $100, rather than
George has been cashing his paycheck each week at a convenient payday lender that charges a $6 fee for any check under $100, rather than waiting the 7 days his bank informs him it would take for the check to clear so he could have access to his funs. His paycheck each week is $60 after taxes. Calculate the Annual Percentage Rate George is paying for this service (assuming a 52-week year)
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