Fq loans inc offers five for four or i knock on your door, Financial Management

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Fq loans inc offers five for four or i knock on your door

F.Q Loans Inc. offers "five for four, or I knock on your door." This means you get $4 today and repay $5 when you get your paycheck in 1 week (or else). Whats the effective annual return F.Q earns on this lending business? If you were brave enough to ask, what APR would FQ say you were paying?

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Financial Management: Fq loans inc offers five for four or i knock on your door

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