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Question 8 of 10 Josh took out a payday loan for $1300 that charged a $75 fee. If the loan matures in 2 weeks,

Question 8 of 10 Josh took out a payday loan for $1300 that charged a $75 fee. If the loan matures in 2 weeks, what is the approximate effective interest rate of the loan? A. 330% B. 430% C. 33% D. 43%

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