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Payday loans are very short-term loans that charge very high interest rates. You can borrow exist150 today and repay exist210 in two weeks. What is

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Payday loans are very short-term loans that charge very high interest rates. You can borrow exist150 today and repay exist210 in two weeks. What is the compounded annual rate implied by this 40 percent rate charged for only two weeks? (Do not round intermediate calculations and round your final answer to the nearest whole percent.) Compounded annual rate %

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