Assume the cost of the loan is 100 per day per 100 borrowed
A payday loan provides short-term loans ranging from $250 to $2,000. Assume the cost of the loan is $1.00 per day per $100 borrowed until the loan is repaid.
What is the APR for a $300 payday loan that is repaid in five days?
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a payday loan provides short-term loans ranging from 250 to 2000 assume the cost of the loan is 100 per day per 100
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