Question: Mike makes a loan to Tom for $ 2 0 0 , 0 0 0 with a 1 5 % interest rate. Under Florida law,

Mike makes a loan to Tom for $200,000 with a 15% interest rate. Under Florida law, this loan will be illegal under the usury laws.
True
False
Mike makes a loan to Tom for $200,000 with a 15%

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