Mathematics
Mathematics, 08.01.2021 04:10, leandroarguijo

Belinda needs $2400 fast. She has the option of borrowing the $2400 for 5 days at an APR of 500% or borrowing the $2400 for 5 days with a fee of $180. She realizes that neither scenario is very good, but she wants to choose the option that is best for her. Help Belinda decide which is the "better" deal. Part I: What is the length of the period of the $2400 loan for 5 days for a fee of $180?

Part II: What is the number of periods for 1 year?

Part III: What is the periodic interest rate of the $2400 loan for 5 days for a fee of $180?

Part IV: What is the APR of the $2400 loan for 5 days for a fee of $180?

answer
Answers: 2

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 17:30, rojina83
10 ! in a race, nick is 50 feet in front of jay after ten seconds. how fast can nick run, if jay can run 20 feet per second?
Answers: 1
image
Mathematics, 22.06.2019 01:20, ctyrector
Anita has a success rate of 80% on free throws in basketball. she wants to know the estimated probability that she can make exactly four of five free throws in her next game. how can she simulate this scenario? categorize each simulation of this scenario as correct or incorrect.
Answers: 2
image
Mathematics, 22.06.2019 03:30, nick607
Tyler went to the supermarket to buy food for a food pantry. he has $36, and can carry up to 20 pounds of food in his backpack. pasta costs $1 for a 1-pound package. pasta sauce costs $3 for a 1.5 pound jar. let x = the number of packages of pasta and y = the number of jars of pasta sauce. one package of pasta is the right amount to go with one jar of pasta sauce. what is the best numbers of packages of pasta and jars of pasta sauce to buy for the food pantry? how many packages of pasta? how many jars of pasta sauce? explain your reasoning.
Answers: 1
image
Mathematics, 22.06.2019 05:30, hjeffrey168
The percent of change from 12 to 15
Answers: 1
Do you know the correct answer?
Belinda needs $2400 fast. She has the option of borrowing the $2400 for 5 days at an APR of 500% or...

Questions in other subjects:

Konu
Mathematics, 01.04.2021 23:10