Question
Gustavo wants to borrow $900 for 20 days from a payday loan store. the payday loan finance charge is $12 per $100 borrowed up to
Gustavo wants to borrow $900 for 20 days from a payday loan store. the payday loan finance charge is $12 per $100 borrowed up to $400, and $10 per 100 on the amount over $400. What is the dollar amount of interest he is paying? What is the APR of this loan?
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Financial Management For Nurse Managers Merging The Heart With The Dollar
Authors: J. Michael Leger
5th Edition
1284230937, 9781284230932
