Mathematics, 27.01.2021 06:20 mm016281

A payday loan company charges a $95 fee for a $400 payday loan that will be repaid in 12 days. Treating the fee as interest paid, what is the equivalent annual interest rate?

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A payday loan company charges a $95 fee for a $400 payday loan that will be repaid in 12 days. Trea...

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