Question: uestion 2 7 ( 4 points ) Eric's dad recently took out a two week, 1 4 day, payday loan of $ 5 0 0

uestion 27(4 points)
Eric's dad recently took out a two week, 14 day, payday loan of $500 with a $75 fee. What is the annualized annual percentage rate on this loan?
Question 27 options:
120%
233%
545%
391%

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