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Mathematics 14 Online
OpenStudy (anonymous):

Donnie has the option of borrowing $680 for 1 week at an APR of 450% or borrowing the $680 for 1 week with a fee of $60. Which is the "better" deal?

OpenStudy (anonymous):

A. Borrowing the $680 for 1 week with a fee of $60, since Donnie will owe more interest this way than with the 450% APR B. Borrowing the $680 for 1 week at an APR of 450%, since Donnie will owe less interest this way than with the fee of $60 C. Borrowing the $680 for 1 week with a fee of $60, since Donnie will owe less interest this way than with the 450% APR D. Borrowing the $680 for 1 week at an APR of 450%, since Donnie will owe more interest this way than with the fee of $60

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