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# 14. Denarea will in 7 days. receive a #1043.59 paycheck a payday lender offers to give her cash today for a fee of 12%

14. Denarea will in 7 days. receive a #1043.59 paycheck a payday lender offers to give her cash today for a fee of 12% of the check amount Find the amount of the fee (a) (b) the amount she She will will receive (c) the equivalent SOR (d) the equivalent SIR Siniple interest rate

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a To find the amount of the fee we need to calculate 05 of the paycheck amount Fee 05 of 104359 Fee ...### Get Instant Access to Expert-Tailored Solutions

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### Step: 2

### Step: 3

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