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Business, 17.02.2020 19:23 elijahcraft3

1. What term is used to name a type of loan in which the loan amount and interest are due in one payment at maturity? 2. Rosalinda got a payday loan for $2000, due in 2 weeks, and she paid a $150 fee. What is the APR on Rosalinda's loan? 3. Bobby took out a single loan for $500 and paid a $50 fee. His loan is due in 1 week. Find the effective interest rate on the loan Bobby took out. Round the answer to one decimal place.

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