You can borrow 150 today and repay 210 in two weeks what is


Payday loans are very short term loans that charge a very high interest rate. You can borrow $150 today and repay $210 in two weeks. what is the compound annual rate implied by this 40% rate charged for two weeks.

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Finance Basics: You can borrow 150 today and repay 210 in two weeks what is
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