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A payday loan company charges a $80 fee for a $700 payday loan that will be repaid in 11 days.
Treating the fee as interest paid, what is the equivalent annual interest rate?
( ) % interest Round to the nearest percent. This may be over 100%
Financial Management, Finance
Assignment Select a general industry that interests you and choose a particular market domain within that industry to expand your research and use as a model throughout the course. A market domain may be defined as a seg ...
Questions : 1. Discuss a time that you worked with a group in your current or a past job to solve a problem. Reflecting back, was your group successful? If not, what could have been done differently? Refer to this week's ...
Question - Discuss the role of a central bank in a country, particularly in implementing monetary policy. Comment on any regulatory requirements imposed on the central bank in performing their responsibilities. Comment o ...
Situation The law affects the business environment and every single business and organization. These laws and regulations often come to light in current events as businesses find themselves represented in the press, eith ...
Personal Savings Strategies Part I: Identify all the lazy dollars in your financial life. Identify source, amount and what action might be indicated. Part II. Develop a personal and household savings plan. What savings s ...
Assignment 1. Before the Truth in Lending Act, auto dealers used to use a trick called add on interest. Suppose you bought a $30,000 car and financed it over 5 years at 6% interest. To calculate your payment, they'd take ...
This assignment investigates the financial needs of your business venture from Assignment. Write a three to four (3-4) page paper in which you: Outline the financial start-up needs for this business. Consider such items ...
Consider two companies: United States Steel (X) and Facebook (FB). Look at the profiles (financial statements for 2016) of each on yahoo finance and discuss the followings (you need to calculate these values yourself and ...
You have owned and operated a successful brick-and-mortar business for several years. Due to increased competition from other retailers, you have decided to expand your operations to sell your products via the Internet. ...
Scenario Big Data is everywhere and various businesses around the world are driven by Big Data. However, while some businesses rely on Big Data for organizational decision making, this does not mean that the implications ...
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