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2 years ago

which payday loan lender is likely to ask you to write a check for $115 before granting you a $100 loan

Business

1 answer:

dsp732 years ago

4 0

The loan lender is likely to ask you to write a check is: Payday advance company.

<h3>What is loan lender?</h3>

A loan lender is a person or a company that give out loan or lender out money to people.

A Payday advance loans company is a company that gives out loan to borrowers or lender in which the borrower are expected to payback the amount loan to them after receiving their paycheck or salary.

Payday advance loans company tend to given out fixed interest rate to their borrower.

Inconclusion the loan lender is likely to ask you to write a check is: Payday advance company.

Learn more about payday advance company here:brainly.com/question/25239160

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3 years ago

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$212,882.75

Explanation:

Cost from 2 years now = $190,000

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Interest rate = 9% Quarterly

Present Worth = Cost from 2 years now*[1/(1+interest/m)^nm] * Cost from 2 years now*[1/(1+interest/m)^nm]

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Present Worth = 190,000*[1/(1.0225)^8] + 120,000*[1/(1.0225)^36]

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3 years ago

our aunt has $500,000 invested at 5.5%, and she now wants to retire. She wants to withdraw $45,000 at the beginning of each year

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3 years ago

Karley's setting aside $32,000 each quarter, starting today, for the next three years for an expansion project. How much money w

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Giving the following information:

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To calculate the final value, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

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