Mathematics, 12.09.2021 02:00 cutegirl0987
100 POINTS PLZ ANSWER QUICKLY AND TRUTHFULLY
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 IV: What is the APR of the $2400 loan for 5 days for a fee of $180?
Part V: Which is the "better" deal: borrowing the $2400 for 5 days at an APR of 500% or borrowing the $2400 for 5 days with a fee of $180?
Answers: 3
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100 POINTS PLZ ANSWER QUICKLY AND TRUTHFULLY
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