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A payday loan company charges 4.1 percent interest for a 4-week period. What would be the annual interest rate

Answers:1   |   LastAnswerAt:2011.05  

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Anvar Eshov 
Asked at 2011.05.11 23:44:21
A payday loan company charges 4.1 percent interest for a 4-week period. What would be the annual interest rate from that company?
answer Tika Jatiman  Answered at 2011.05.11 23:44:21
49.2 percent per annum/year
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