4, Loan Example, Case 2: According to the FDIC, 20% of US, households either don't have bank accounts or rely on alternate channels for financial services. If customers do not allow ACE to automatically submit electronic payments to their bank account, then the loan is calculated according to the interest rate in Table 2. Complete Table 2 and show your calculations in the space below Table 2. Loan Amount Annual Percentage-1-Payment TNumberof -Totalof-Finance] Rate (APR 309.37% Amount Payments Payments Char S2,600 Table 2. Loan from ACE Cash Express without automatic paymen ts from bank account. 5. Ethical Loan Practice? In grammatically correct, complete sentences comment on the ethics of the loan practices given in questions 3 and 4. Here are some points to consider: What type of people might ACE target? Do customers understand these interest rates? What interest rates might you expect to get from a bank? From an advance on a credit card? (Don't just make up these rates. Spend some time doin an Internet search or asking at a bank directly.) How would these rates compare to the rates from ACE Cash Express? Why wouldn't everyone just go to a bank? Should ACE Cash Express be closed down? Why or why not