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29 April, 16:53

Jimmie has the option of borrowing $840 for 1 week at an APR of 550% or

borrowing the $840 for 1 week with a fee of $90. Which is the "better" deal?

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  1. 29 April, 19:09
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    Answer: Borrowing the $840 for 1 week at an APR of 550%, since Jimmie will owe less interest this way than with the fee of $90

    -APEX
  2. 29 April, 20:00
    0
    Answer: b. borrow $840 for 1 week at an APR 550%, since jimmie will owe less interest this way than with the fee of $90. APEX
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