If you took out a payday loan, you could expect to pay an annual interest rate of
Question:
If you took out a payday loan, you could expect to pay an annual interest rate of _____.
a) less than 5 percent
b) between 5 and 10 percent
c) between 10 and 30 percent
d) between 30 and 100 percent
e) over 100 percent.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
e over 100 percent Payday loans typically come with extremely hi...View the full answer
Answered By
Salmon ouma
I am a graduate of Maseno University, I graduated with a second class honors upper division in Business administration. I have assisted many students with their academic work during my years of tutoring. That has helped me build my experience as an academic writer. I am happy to tell you that many students have benefited from my work as a writer since my work is perfect, precise, and always submitted in due time. I am able to work under very minimal or no supervision at all and be able to beat deadlines.
I have high knowledge of essay writing skills. I am also well conversant with formatting styles such as Harvard, APA, MLA, and Chicago. All that combined with my knowledge in methods of data analysis such as regression analysis, hypothesis analysis, inductive approach, and deductive approach have enabled me to assist several college and university students across the world with their academic work such as essays, thesis writing, term paper, research project, and dissertation. I have managed to help students get their work done in good time due to my dedication to writing.
5.00+
4+ Reviews
16+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Bill and Fiona Russell have always enjoyed craft beer, and in recent years have started making small batches at home. As they experimented, they mastered several niche recipes including a key lime...
-
For each problem, show your work steps. A correct answer with no work shown gets half credit (which means you fail the assignment). An incorrect answer with no work receives 0 credit. With time value...
-
Ivan Petrov was a member of the newly formed entrepreneur class in Bulgaria; partly out of desire, mostly out of necessity. The changes occurring as the country moved from a centrally planned to a...
-
The root cause of underdevelopment and environmental degradation is the overdevelopment of a handful of rich nations. Discuss.
-
With regard to third-party beneficiaries under a contact, what direction does the law appear to be taking?
-
Evaluate each definite integral. . In 2 S." tanh x dx
-
Stocks usually pay dividends quarterly, so their dividend yields (i.e., dividends expressed as interest rates based on the stock price) are usually quoted as a nominal annual rate compounded...
-
Cannon Mountain Mining paid $462,300 for the right to extract mineral assets from a 400,000-ton deposit. In addition to the purchase price, Cannon also paid a $900 filing fee, a $1,800 license fee to...
-
Triton Company's copy department, which does almost all of the photocopying for the sales department and the administrative department, budgets the following costs for the year, based on the expected...
-
The practice of usury _______. a) is illegal in the United States b) is legal in some states and illegal in others c) is legal only if borrowers are in the military service d) was approved of by most...
-
Which is the most accurate statement about payday lenders? a) Virtually all of them operate illegally. b) Payday lending operations prey primarily on military service members and their families. c)...
-
How should a positive, upbeat culture handle the inevitable disappointments and tragedies that happen in any company, from the need to terminate low performers to the death of an employee.
-
If there is no seasonal effect on human births, we would expect equal numbers of children to be born in each season (winter, spring, summer, and fall). A student takes a census of her statistics...
-
Woodpecker Ltd. produces and sells body boards. It has experienced steady growth over the last 10 years. However, a recent increase in market competition has led Tupac the manager, to believe there...
-
A genetic experiment with peas resulted in one sample of offspring that consisted of 444 green peas and 168 yellow peas. a. Construct a 90% confidence interval to estimate of the percentage of yellow...
-
5. One insurance company, which is not listed on the stock market, purchases and takes over of a financial technology company that is highly anticipated in the future. The managers of the insurance...
-
How do I interpret a negative ROE % if the net income is positive, but stockholders equity is negative
-
In what respect are traditional accounting systems deficient in terms of the goal of managing and controlling quality?
-
Do the three planes x + 2x + x 3 = 4, X X 3 = 1, and x + 3x = 0 have at least one common point of intersection? Explain.
-
The federal government bans the use of food stamps to buy cigarettes, alcohol or prepared foods such as deli sandwiches and restaurant entrees. Should a similar ban be implemented against the...
-
Draw a set of indifference curves relating two bads such as smog and garbage. What characteristics do these curves have?
-
Is it inconsistent to claim that (a) peoples preferences differ and (b) at their current consumption levels, their marginal rates of substitution are equal?
-
For the fiscal year ended December 31, 2015, Brace Incorporated reported: Net income of $6,000, which includes Depreciation expense totaling $1,200 A loss on sale of equipment of $200 The company did...
-
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total...
-
Question 7 of 7 -/1 E Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2021 (the end of its fiscal year). Concord Corporation Trial Balance...
Study smarter with the SolutionInn App