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In Alabama, finance charges on a payday loan may not exceed 17.5% of the amount advanced. Find the annual interest rate if $500 is borrowed
In Alabama, finance charges on a payday loan may not exceed 17.5% of the amount advanced. Find the annual interest rate if $500 is borrowed for 10 days at the maximum allowable charge.
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
1st Edition
0130176141, 9780130176141
