subject
Mathematics, 12.11.2020 18:00 connormaxie

A-P-E-X - 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. (5 points: Part I - 1 point; Part II - 1 point; Part III - 1 point; Part IV - 1 point; Part V - 1 point) 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? 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? A-P-E-X

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 15:10
Abig remake 100 loaves of bread in one day how many loaves does the bakery make in 6 days
Answers: 1
question
Mathematics, 21.06.2019 15:30
Asquare is dilated by a scale factor of 1.25 to create a new square. how does the area of the new square compare with the area of the original square? a)the area of the new square is 1.25 times the area of the original square. b)the area of the new square is 2.50 times the area of the original square. c)the area of the new square is 1.252 times the area of the original square. d)the area of the new square is 1.253 times the area of the original square.
Answers: 1
question
Mathematics, 21.06.2019 19:00
Iwill give you ! what is the measure of ∠v ?
Answers: 2
question
Mathematics, 21.06.2019 19:30
Louis wants to carpet the rectangular floor of his basement.the basement has an area of 864 square feet.the width of the basement is 2/3 it's length. what is the length of louis's basement
Answers: 1
You know the right answer?
A-P-E-X - Belinda needs $2400 fast. She has the option of borrowing the $2400 for 5 days at an APR o...
Questions
question
Mathematics, 05.11.2020 03:30
question
Mathematics, 05.11.2020 03:30
question
Health, 05.11.2020 03:30
question
Advanced Placement (AP), 05.11.2020 03:30
question
Mathematics, 05.11.2020 03:30
Questions on the website: 13722367