14. Denarea will in 7 days. receive a #1043.59 paycheck a payday lender offers to give...

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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% 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 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

Answer rating: 100% (QA)

a To find the amount of the fee we need to calculate 05 of the paycheck amount Fee 05 of 104359 Fee ... View the full answer