Business, 15.02.2020 05:56 2000samantha

Payday loans issued by banks are often referred to as "direct deposit advances." In early 2013, the average direct deposit advance charged $ 10 for a $ 100 advance and was due in 10 days. What is the effective annual rate on this type of loan?

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Payday loans issued by banks are often referred to as "direct deposit advances." In early 2013, the...

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