Find the amount of the fee the amount she will receive the


Denarea will receive a $1,043.50 paycheck in 7 days. A payday lender offers to give her cash today for this check for a fee 1 12 % of the check amount. Find (a) the amount of the fee, (b) the amount she will receive, (c) the equivalent simple discount rate, and (d) the equivalent simple interest rate.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Find the amount of the fee the amount she will receive the
Reference No:- TGS02804063

Expected delivery within 24 Hours