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BCD Loans is a payday loan company that offers quick, short-term loans using the borrower’s future...

BCD Loans is a payday loan company that offers quick, short-term loans using the borrower’s future paychecks as collateral. BCD Loans charges $20 for each $100 loaned for a term of 14 days. Find the APR charged by BCD Loans. Round your answer to the nearest hundredth of a percent.

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