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If a borrower takes out a two-week payday loan in the amount of $300 and the lender charges a $30 fee, what is the APR?
Posted: Fri Jul 01, 2022 7:47 am
by answerhappygod
- If A Borrower Takes Out A Two Week Payday Loan In The Amount Of 300 And The Lender Charges A 30 Fee What Is The Apr 1 (20.92 KiB) Viewed 32 times
If a borrower takes out a two-week payday loan in the amount of $300 and the lender charges a $30 fee, what is the APR? Assume 365 days in a year 190.5% 391.3 % 260.7% 10.3%
QUESTION 2 What is the APY (EAR) for the following investments (0) 2% return over 15 days; and (i) 7.5% return over 60 days? Assume 365 days in a year O61.9%; 55.3% 48.7%; 40.5% 44.5%; 45.5% 55.3%; 61.9% Click Save and Submit to save and submit. Click Save All Answers to save all answers.