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Problem 4-3 (LO4.2) A payday loan company charges 3.2 percent interest for a four-week period. What would be the annual interest rate from that company?

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Problem 4-3 (LO4.2) A payday loan company charges 3.2 percent interest for a four-week period. What would be the annual interest rate from that company? Assume an even 52 weeks per year. (Enter your answer as a percent rounded to 1 decimal place.) Annual interest rate

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