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You are in a dispute with a pay-day lender over the correct interest rate. You had deposited $2,000 with them 3 years ago. Now you

You are in a dispute with a pay-day lender over the correct interest rate. You had deposited $2,000 with them 3 years ago. Now you have a balance of exactly $5,000. The pay-day lender claims to have paid you an interest rate of 14%. By how many basis points is the pay-day lender misstating the true annual interest rate?

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