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The bill Webster backed permitted shops to charge clients $15 in the first $100 lent but $14 in the second $100, $13 from the third, down seriously to $11 for virtually any $100 above $500. That would suggest Locke’s money Now, which as soon as could charge $82.50 on a two-week $500 loan, now would make just $65, which works out to an APR of approximately 340 %. For Webster, a 20 % fall in re...
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