Solved: Whats the effective annual return friendlys earns on this, Business Economics

+44 141 628 6080
[email protected]

Whats the effective annual return friendlys earns on this

Friendly's Quick Loans, Inc., offers you "three for four or I knock on your door." This means you get $3 today and repay $4 when you get your paycheck in one week (or else). What's the effective annual return Friendly's earns on this lending business? If you were brave enough to ask, what APR would Friendly's say you were paying?

Solution Preview :

Prepared by a verified Expert

Business Economics: Whats the effective annual return friendlys earns on this

Reference No:- TGS0774463

Now Priced at $20 (50% Discount)

Recommended (91%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Business Economics

Q : An electron moving through an electric field experiences an

an electron moving through an electric field experiences an acceleration of 43 103 ms2a find the electric force acting

Q : Pv of multiple cash flows ferris inc has borrowed from

pv of multiple cash flows ferris inc has borrowed from their bank at a rate of 8 percent and will repay the loan with

Q : A balloon is filled with helium at a pressure of 23times105

a balloon is filled with helium at a pressure of 23times105 pa the balloon is at a temperature of 14ordmc and has a

Q : This is from a effect of ph on the solubility of caoh2 lab

this is from a effect of ph on the solubility of caoh2 lab if excess cano32 were present what effect would it have on

Q : Whats the effective annual return friendlys earns on this

friendlys quick loans inc offers you three for four or i knock on your door this means you get 3 today and repay 4 when

Q : A 87 v battery is connected to a 64 pf parallel-plate

a 87 v battery is connected to a 64 pf parallel-plate capacitor what is the magnitude of the charge on each

Q : Allegiancemd is an electronic medical records software

allegiancemd is an electronic medical records software supplier can you help me answer these three questions 1propose

Q : Why is the expected loss from a default on a swap less than

why is the expected loss from a default on a swap less than the expected loss from the default on a loan with the same

Q : Given a buret filled with 013 m acetic acid and a second

given a buret filled with 013 m acetic acid and a second buret filled with 017 m sodium acetate how many milliliters of

1931207

Questions
Asked

3,689

Active Tutors

1437341

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

What cases does female status tend to be highest

Question: In which of the following cases does female status tend to be highest? Group of answer choice

Cases of local communities using modern technology

Question: Cases of local communities using modern technology to preserve and revive their traditions:

What is meant by indigenismo

Question: What is meant by indigenismo (Keywords in Week 2)? What is las cronicas de castas (Cope)?

Examine gender inequality on a global scale

Question: Examine gender inequality on a global scale, considering how factors such as globalization, colonialism

How are schools important in the struggle for power

Question: How are schools important in the struggle for power and status?

Identify problems and concerns that contributed

Identify problems and concerns that contributed to the many race-related protests and unrest during the 2020 year.

Which of the things happened first

Which of the following things happened first? Group of answer choices Women gained the right to vote Seneca Falls Convention Margaret