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Frankie is struggling to pay his monthly rent and he goes to PayDay Loan down the street to take out a 2-week loan in
Frankie is struggling to pay his monthly rent and he goes to PayDay Loan down the street to take out a 2-week loan in order to get through the next several weeks before his May 15th paycheck. Identify the APR on the loan. 1 a. Frankie is offered a $800 two-week loan at .45% interest. Identify the APR on this loan and what will Frankie have to pay back on May 16th?
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1 year52 weeks 1 year 26 two weeks APR26 x ...
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Accounting Information Systems basic concepts and current issues
Authors: Robert Hurt
3rd edition
130855849X, 978-1308558493, 78025338, 978-0078025334
