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What was the APR of Shondra loan

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Shondra borrowed $200 for the books she needed for her second semester of college. The finance charge on the loan was $12. and the term of the loan was 21 days. What was the APR of Shondra's loan?

Mario borrowed $750 to pay a doctor bill. The finance charge on the loan was $5, and the term of the loan was 14 days. What was the APR of Mario's loan?

Reference no: EM133063824

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