Doreen has the option of borrowing $960 for 1 week at an APR of 350% or borrowing the $960 for 1 week with a fee of $70. Which is the "better" deal?
A. Borrowing the $960 for 1 week with a fee of $70, since Doreen will
owe less interest this way than with the 350% APR
B. Borrowing the $960 for 1 week with a fee of $70, since Doreen will
owe more interest this way than with the 350% APR
C. Borrowing the $960 for 1 week at an APR of 350%, since Doreen
will owe less interest this way than with the fee of $70
O D. Borrowing the $960 for 1 week at an APR of 350%, since Doreen
will owe more interest this way than with the fee of $70
SUBMIT
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