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QUESTION
4. A payday loan company charges 4 percent interest for a two-week period. What would be the annual interest rate from that company?
4. A payday loan company charges 4 percent interest for a two-week period. What would be the annual interest rate from that company?
24. A payday loan company charges 4 percent interest for a two-week period. What would be the annual interest rate from that company? Solution: In a year, there are 26 two-week periods (52...