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Dmitrij [34]
3 years ago
11

which will have a higher effective interest rate a payday loan for $1700 that is due in 16 days with a fee of $100, or a payday

loan for $1700 that is due in 14 days with a fee of $100
Mathematics
2 answers:
Fantom [35]3 years ago
7 0
1700 that is due in 14 days with a fee of 100$ because it’s a shorter time period
andrew-mc [135]3 years ago
3 0
A payday loan for $1700 that is due in 14 days with a fee of $100, since it has the shorter period. (Apex)
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