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Raj, who is a member of the Navy, is planning on obtaining a $1,000 payday loan to pay for a car repair. What is the

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Raj, who is a member of the Navy, is planning on obtaining a $1,000 payday loan to pay for a car repair. What is the maximum APR he can be charged? 36% 25% 39196 O 25096 What loan type is backed by collateral? Secured. Cash advance. Payday. Unsecured

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