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you go to the cashpalace and take out a payday loan. you borrow 1500.00 and will make 25 total payments of 109.41 one every other

you go to the cashpalace and take out a payday loan. you borrow 1500.00 and will make 25 total payments of 109.41 one every other week for a year. what is the effective annual rate of interest on this loan? chegg

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