Kaleb wants to get a payday loan in the amount of $375. he knows that the annual percentage rates (apr) for these types of
loans are high, but he is hoping to find one that has an apr of 40%. if kaleb finds a business that charges a fee of $37 for the
loan, what would the term of the loan need to be in order for kaleb to get his desired apr?
a. 9 days
b. 19 days
c. 90 days
d. 95 days