mple, Case 2: According to the FDIC, 20% of US households either don't have bank rely on alternate channels for financial services. If customers do not allow ACE to 4. Loan Exa counts or ac lectronic payments to their bank account, then the loan is calculated according to erest rate in Table 2. Complete Table 2 and show your calculations in the space below Table 2. Loan Amount Annual Percentage Payment Number of Amount of Finance Cha Payments Payments Rate (APR) 309.37% $2,600 able 2. Loan from ACE Cash Express without automatic payments from bank account. 5. Ethical Loan Practice? In grammatically correct, complete sentences comment on the ethics of the loan practices given in questions 3 and 4. Here are some points to consider: What type of people might ACE target? Do customers understand these interest rates? What interest rates might you expect to get from a bank? From an advance on a credit card? (Don't just make up these rates. Spend some time doing an Internet search or asking at a bank directly.) How would these rates compare to the rates from ACE Cash Express? Why wouldn't everyone just go to a bank? Should ACE Cash Express be closed down? Why or why not? mple, Case 2: According to the FDIC, 20% of US households either don't have bank rely on alternate channels for financial services. If customers do not allow ACE to 4. Loan Exa counts or ac lectronic payments to their bank account, then the loan is calculated according to erest rate in Table 2. Complete Table 2 and show your calculations in the space below Table 2. Loan Amount Annual Percentage Payment Number of Amount of Finance Cha Payments Payments Rate (APR) 309.37% $2,600 able 2. Loan from ACE Cash Express without automatic payments from bank account. 5. Ethical Loan Practice? In grammatically correct, complete sentences comment on the ethics of the loan practices given in questions 3 and 4. Here are some points to consider: What type of people might ACE target? Do customers understand these interest rates? What interest rates might you expect to get from a bank? From an advance on a credit card? (Don't just make up these rates. Spend some time doing an Internet search or asking at a bank directly.) How would these rates compare to the rates from ACE Cash Express? Why wouldn't everyone just go to a bank? Should ACE Cash Express be closed down? Why or why not