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IMHO, this probably just depends on your long term goals. If you are wanting to just get accepted to a low ranked PhD program and then go into a teaching career at a small LAC, then you may be able to apply as is, but realize you would probably only be admitted to some of the lowest ranked PhD programs. If you're trying to get into the best school possible, then I would say go back to undergrad for a couple quarters (maybe even a year) work on some math classes, get good grades in them and then apply to programs for admissions about a year from now.
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