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Friendlys Quick Loans, Inc., offers you five for seven or I knock on your door. This means you get $5.00 today and repay $7.00 when

Friendlys Quick Loans, Inc., offers you five for seven or I knock on your door. This means you get $5.00 today and repay $7.00 when you get your paycheck in one week (or else).

If you were brave enough to ask, what APR would Friendlys say you were paying?

Whats the effective annual return Friendlys earns on this lending business?

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