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Holly has the option of borrowing $540 for one week at an APR of 700% or borrowing the $540 for one week with a
Holly has the option of borrowing $540 for one week at an APR of 700% or borrowing the $540 for one week with a fee of $75. Which is the "better" deal? A. Borrowing the $540 for one week with a fee of $75, since Holly will owe less interest this way than with the 700% APR B. Borrowing the $540 for one week with a fee of $75, since Holly will owe more interest this way than with the 700% APR OC. Borrowing the $540 for one week at an APR of 700%, since Holly will owe more interest this way than with the fee of $75 OD. Borrowing the $540 for one week at an APR of 700%, since Holly will owe less interest this way than with the fee of $75
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