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Business, 19.12.2021 15:40 sharondacarruth1656

A loan shark is willing to lend you $50 today in exchange for $60 the following week (Tuesday). If you cannot return it the next week he is lenient, but charges you the same interest rate. (a) What is the annual percentage rate for the interest charged

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A loan shark is willing to lend you $50 today in exchange for $60 the following week (Tuesday). If y...
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