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Find the following information about these Cash Advance places. Car Title Loan: In Alabama a car title loan is for one month, but it can
Find the following information about these "Cash Advance" places. Car Title Loan: In Alabama a car title loan is for one month, but it can be renewed. For the given information, find the following interest rate (APR). The fee charged is $125 for a loan of $500 for 1 month. What is the APR (interest rate)? APR = % Internet Payday Loan: Typical cost of a $500 loan is $125 for a two-week loan. What is the APR (interest rate)? APR = Cashing a check: A blue-collar worker using check cashing outlets to cash their paycheck pays an average $19.66 every week to cash a $478.41 check. What is the APR (interest rate)? APR = BC Round
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