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(Solved): Required information Julie has a low credit rating, plus she was furloughed from her job 2 months a ...
Required information Julie has a low credit rating, plus she was furloughed from her job 2 months ago. She has a new job starting next week and expects a salary to start again in a couple of weeks. Since she is a little short on money to pay her rent, she decided to borrow $135 from a loan company, which will charge her only $10 interest if the $145 is paid no more than 1 week after the loan is made. NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part. What is the effective annual interest rate that she will pay on this loan? The effective annual interest rate that she would pay is % per year.