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Sarah is expecting a $675 paycheck in 4 days. A payday lender offers to give her cash now for this check. The lenders fee is

Sarah is expecting a $675 paycheck in 4 days. A payday lender offers to give her cash now for this check. The lenders fee is 1% of the amount of the paycheck, plus a $5 service fee. Find the simple discount rate.

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