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QUESTION 12 If a borrower takes out a two-week payday loan in the amount of $300 and the lender charges a $30 fee, what is

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QUESTION 12 If a borrower takes out a two-week payday loan in the amount of $300 and the lender charges a $30 fee, what is the APR? Assume 365 days in a year. O 391.3 % O 260.7% O 190.5% O 10.3%

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