what is the length of the period of the $2400 loan for 5 days for a fee of $180

timer Asked: Jan 12th, 2016

Question description

Belinda needs $2400 fast. she has the option of borrowing the $2400 for the 5 days at an APR of 500% or borrowing the $2400 for 5 days for 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.

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