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A payday loan store charges $45 for a one-month loan of $540. What annual interest rate is this equivalent to?
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A payday loan store charges $45 for a one-month loan of $540. What annual interest rate is this equivalent to?
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Mar 4, 2022
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A payday loan store charges $45 for a one-month loan of $540. What annual interest rate is this equivalent to?
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Bigonazzi
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12 multiply by $45. Or divide $45 into $540 = 12
Konstantin Likhter
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Mar 9, 2022
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