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29-05-2024
Mathematics

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You can acquire a payday loan of $600 for the month of March until your next paycheck. The finance charge is $234. What is the monthly interest rate and APR for this loan?Calculate the monthly interest rate.

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isabellakahn363 isabellakahn363

29-05-2024

Answer: The monthly interest rate is 39% and the Apr is 468%

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