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Maggie needed $ 4 5 0 to fix her car. Today, she got a short - term loan from a payday company and agreed to
Maggie needed $ to fix her car. Today, she got a shortterm loan from a payday company and agreed to pay $ two weeks from today. Determine: a Interest amount that she will pay. b Interest rate she will pay for the twoweek loan. c Nominal yearly rate. d Effective yearly rate.
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