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payday loans are very short- term that change very high interest rates. you can borrow $500 today and repay $595 in two weeks.what is the

payday loans are very short- term that change very high interest rates. you can borrow $500 today and repay $595 in two weeks.what is the compounded annual rate implied by this 19 percent rate charged only for two weeks?(compounded the 2 week return 26 times for the annual return

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