getjr25 getjr25
  • 19-02-2024
  • Mathematics
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A particular payday loan company offers​ quick, short-term loans using the​ borrower's future paychecks as collateral. The loan company charges ​$19

for each ​$100

loaned for a term of 13

days. Find the APR charged by the payday loan company.
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Part 1
The​ loan's APR is

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