10+ a payday loan company charges 5 percent

Find an answer to your question A payday loan company charges 52 percent interest for a two-week period. Total cost Cost per month 12 months per year Number of years 21 12 8 2016 A payday loan company charges 750 percent interest for a two-week period.

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A payday loan company charges a 60 fee for a 450 payday loan that will be repaid in 10 days A.

. Ad Get Lender Approval in 5 Minutes w No Credit Check. Youll get a detailed solution from a subject matter expert that helps you learn core concepts. Payday loans are very short-term loans that charge very.

Marathon Peanuts converts a 130000 account payable into a short-term note payable with an annual interest rate of 6 and payable in four months. See Answer A payday loan company charges 5 percent interest for a two-week period. What would be the annual Interest rate from that company.

If 600 percent interest for a two-week period then annual interest rate rate for a two-week period 52 weeks 2 weeks. What would be the annual interest rate from that compa. Assume an even 52 weeks per year.

A payday loan company charges 32 percent interest for a four-week period. The amount of this fee might range from 10 to 30 for every 100 borrowed depending on your state law. What would be the annual interest rate from that company.

What would be the annual interest rate from that company. Payday loans generally charge a percentage or dollar amount per 100 borrowed. Apply Instantly in Less Than 5 Minutes.

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Guaranteed Fast Cash Direct Deposit. A payday loan company charges 5 percent interest for a two-week period. The annual interest rate is 156 percent.

The average interest or finance charge as payday lenders refer to it for a 375 loan would be between 5625 and 75 depending on the terms. Quick Easy Process All Credit Types Welcome Get Started Now. What is the annual.

Approved In Minutes No Fees Repay 3 36 Months Apply Now. A payday loan company charges 5 interest for a 2 week period. Assume an even 52 weeks per year.

Equivalent annual interest rate fees changesLoan amountnumber of days of. 100 Trusted Solution w No Prepayment No Fees.

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