Question: 2 . ( 3 points ) Cost of a payday loan: Maggie went to a payday loan company and borrowed $ 4 0 0 until
points Cost of a payday loan: Maggie went to a payday loan company and borrowed $ until her next paycheck in two weeks. Maggie agrees to pay $ from her next paycheck and signs a contract outlining the requirements of the loan. Find the simple interest rate that she paid for the week points Cost of a payday loan: Maggie went to a payday loan company and borrowed $ until her next paycheck in two weeks. Maggie agrees to pay $ from her next paycheck and signs a contract outlining the requirements of the loan. Find the simple interest rate that she paid for the week loan. Use time in years. There are weeks in a year. Convert your answer to a percent!. Use time in years. There are weeks in a year. Convert your answer to a percent!
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