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Payday loans are very short-term loans that charge very high interest rates. You can borrow $500 today and repay $535 in two weeks.6.what is the

Payday loans are very short-term loans that charge very high interest rates. You can borrow $500 today and repay $535 in two weeks.6.what is the compound annual interest rate implied if the loan fee (interest) is $50? What is the compound annual interest rate implied

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