You can borrow 500 today and repay 550 in two weeks what is
Question - Payday loans are very short-term loans that charge very high interest rates. You can borrow $500 today and repay $550 in two weeks. What is the compound annual rate implied by this 10 percent rate charged for only two weeks?
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question - payday loans are very short-term loans that charge very high interest rates you can borrow 500 today and
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