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OpenStudy (habbababba1):
Shaquil needs to borrow $400. The loan company charges him $80 in fees for the loan. Shaquil calculates that the annual percentage rate (APR) on his loan is 250%. Approximately what is the term of Shaquil’s loan?
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OpenStudy (habbababba1):
a. 7 days b. 29 days c. 46 days d. 73 days
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