Question: please explain the steps on how to do this on the BAII plus calculator (Calculating an EAR) Payday loans issued by banks afe often referred

please explain the steps on how to do this on the BAII plus calculator
please explain the steps on how to do this on the BAII

(Calculating an EAR) Payday loans issued by banks afe often referred to as "direct deposit advances" In eary 2013, the average direct deposit advance charged $10 for a $100 advance and was due in 11 days. What is the effective annual fate on this bype of loan

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