1. Belinda needs $2400 fast. She has the option of borrowing the $2400 for 5 days...

 

 

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1. 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) 1. 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)