Question: Question 7 (1 point) Retake question I'm due a paycheck of $1,235.00 in 7 days. A payday lender has offered to advanc me money

Question 7 (1 point) Retake question I'm due a paycheck of $1,235.00

Question 7 (1 point) Retake question I'm due a paycheck of $1,235.00 in 7 days. A payday lender has offered to advanc me money against this paycheck, or, in other words, to make me a loan today whic would be paid off by my paycheck. Their fee is 2.5%. What rate of simple interest would this amount to? Your Answer:

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