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:

Related Book For  book-img-for-question

Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

Question Posted: