Mathematics, 05.04.2021 23:10 kenz2797
Myrtle needs to borrow $200 and is hoping to get a paid day loan with an annual percentage rate (ARP) of less than 50%. if a company charges her $30 in fee for the loan, what is the minimum loan term needed that would give Myrtle her desired APR?
A. 90 DAYS
B. 100 DAYS
C. 110 DAYS
D. 120 DAYS ​
Answers: 3
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Myrtle needs to borrow $200 and is hoping to get a paid day loan with an annual percentage rate (ARP...
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