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Please show step by step worked out! thanks! 5. Frankie is struggling to pay his monthly rent and he goes to PayDay Loan down the

Please show step by step worked out! thanks!

5. Frankie is struggling to pay his monthly rent and he goes to PayDay Loan down the street to take out a 2-week loan in order to get through the next several weeks before his May 15th paycheck. Identify the APR on the loan. a. Frankie is offered a $800 two-week loan at .45\% interest. Identify the APR on this loan and what will Frankie have to pay back on May 16th

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