Payday loans are very short-term loans that charge very
Payday loans are very short-term loans that charge very high interest rates. You can borrow $700 today and repay $812 in two weeks. What is the compound annual rate implied by this 16 percent rate charged for only two weeks?
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assume that you have 40 years until retirement and have just started your first job once you retire you anticipate that
payday loans are very short-term loans that charge very high interest rates you can borrow 700 today and repay 812 in
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you can invest in a stream of cash flows that requires a 25000 investment today and promises to pay 5000 for the next 3
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