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Tiny's Quick Loans offers customers a four for five or I knock on your door loan. That is, Tiny will lend you $4 today and
Tiny's Quick Loans offers customers a "four for five or I knock on your door loan. That is, Tiny will lend you $4 today and you repay Tiny $5 in one week when you get paid. What is the effective annual return Tiny is earning in this lending business? What is the APR that you are paying Tiny? (Assume that there are 52 weeks in the year.)
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