Applying Logarithmic and Exponential Functions

Many people live paycheck to paycheck in our country. Any unexpected debt can put many of our citizens in dire situations. Unexpected car repair or health costs could force some of us to have to borrow money. Many times, if people live from paycheck to paycheck, they may need to use the services of Check Cashing stores or Payday Loan service providers or in some even more dire circumstances loan sharks. Many times, when people end up using the services of such providers, the cost of borrowing money is so expensive that many people are unable to pay the funds back and may be forced to do foreclosures.

Consider where you live and research a company that does Payday loans near you. Find out what kind of interest rates and deals they have to offer and post for your classmates what you find. Once you post your findings, consider the impact of these services on our community. Do you think that there should be more federal oversights on these operations? Do you think these companies should be legal? What are the social impacts of these organizations on our communities?