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To: Savant who wrote (2266)	1/17/1999 4:36:00 PM
From: E	Read Replies (1) \| Respond to of 13015

<<4. US blue collar take their Friday paychecks to the local CASH FOR CHECKS place, pay 10% or more for the privilege. Or even worse, take personal checks in ahead of time, postdate them, and pay an effective annual rate approximating 228%.>> Sav, would you explain why it's 228%? I still see only 10%, plus, I guess, what might be lost if the money were in an interest bearing account during the course of the monthly spend-down. In either case it's distressing; but 228% is a nightmare thought.