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Cash Advance Inc. offers personal loans to customers. These weekly loans are offered at a rate of 8% per week. Assuming there are 52 weeks
Cash Advance Inc. offers personal loans to customers. These weekly loans are offered at a rate of 8% per week. Assuming there are 52 weeks per year. What is the APR that the store must report to its customers? O A. 8% O B. APR disclosure is not required for loans of this nature. O C. 416% O D. 0.15% O E. 5,370.60% What is the EAR for the loan from Cash Advance Inc. based on the information in question 3? O A. 416% OB. 0.15% O c. 5,370.60% O D. 8% O E. There are insufficient details regarding the terms of the loans to determine the EAR
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