1 a payday loan is structured to obscure the true interest, Ask an Expert

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1. A payday loan is structured to obscure the true interest rate you are paying. For? example, in? Washington, you pay a $28 ?"fee" for a? two-week $210 payday loan? (when you repay the? loan, you pay $238?). What is the effective annual interest rate for this? loan? ?(Assume 26? bi-weekly periods per? year.)

2. Using the 2016 Annual Data from EDGAR as the base data, forecast the EPS for the company iRobot in 2017 assuming a 5% Annual Growth rate in Net Income and a 3% Annual Growth Rate in the number of common shares (Fully Diluted Basis).

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92722469

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