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Mathematics, 28.11.2020 04:20 jstoners

How is the interest rate on a payday loan calculated? a.
loan amount divided by total fees
b.
total fees divided by loan amount
c.
total fees divided by days of loan
d.
APR divided by 365

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Answers: 2

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How is the interest rate on a payday loan calculated? a.
loan amount divided by total fees
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