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Category > Business & Finance Posted 21 May 2017 My Price 8.00

Calculating EAR Friendly’

Calculating EAR 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?

 

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Homework Helper
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Status NEW Posted 21 May 2017 07:05 AM My Price 8.00

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