Question: Every week you borrow $ 5 5 0 at the beginning of the week. You write a check for $ 5 7 5 that will

Every week you borrow $550 at the beginning of the week. You write a check for $575 that will be postdated one week later. What is the annual percentage rate (APR), compounded daily, that you pay to do this? If your answer is 5%, input your answer as 5.

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