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Tom will be paid $1,900 in 15 days. A payday lender offers to give him cash today for his paycheck, taking as its fee a

Tom will be paid $1,900 in 15 days. A payday lender offers to give him cash today for his paycheck, taking as its fee a discount of 3% (of his paycheck) as well as a $5 service charge. Find the (total) amount of the lender's fee, and the simple discount rate.

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