If someone takes a payday loan of $1500, and in 2 months pays off the loan including a finance charge of $500, what is the effective annual rate of return (Hint It is absurdly large) If someone takes a payday loan of $1500, and in 2 months pays off the loan including a finance charge of $500, what...

A P1 5 ht nt A P 1 1500 500 2000 2000 1500 ...

If someone takes a payday loan of $1500, and in 2 months pays off the loan...

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Corporate Finance Core Principles and Applications

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If someone takes a payday loan of $1500, and in 2 months pays off the loan...

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Corporate Finance Core Principles and Applications

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