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I need help with this question on Excel, step by step help can be greatly appreciated! Thank you! You have run short of cash and

I need help with this question on Excel, step by step help can be greatly appreciated! Thank you!
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You have run short of cash and somebody suggests you use the PAYDAY loan shop. The loan is for $900 and you pay it back 11 days later. You end up paying them back \$1205. Assume the company compounds interst on a DAILY basis.. 1a. What is the effective interst rate per year? 1b. What would you owe if you kept the money for 1 year

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