Mathematics, 24.07.2019 09:00 catherine51
Which will have a higher effective interest rate, a payday loan for $2100 due in 13 days with a fee of $110 or a payday loan for $2100 due in 11 days with a fee of $110? a. a payday loan for $2100 due in 11 days with a fee of $110, because it has the longer period b. a payday loan for $2100 due in 13 days with a fee of $110, because it has the shorter period c. a payday loan for $2100 due in 11 days with a fee of $110, because it has the shorter period d. a payday loan for $2100 due in 13 days with a fee of $110, because it has the longer period
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Which will have a higher effective interest rate, a payday loan for $2100 due in 13 days with a fee...
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