which will have a higher effective interest rate a payday loan for $1700 that is due in 16 days with a fee of $100, or a payday loan for $1700 that is due in 14 days with a fee of $100
Question
Answer:
1700 that is due in 14 days with a fee of 100$ because itβs a shorter time period
solved
general
10 months ago
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