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Rus_ich [418]
3 years ago
6

Friendly's quick loans, inc., offers you "$4.10 for $5.10 or i knock on your door." this means you get $4.10 today and repay $5.

10 when you get your paycheck in one week (or else). if you were brave enough to ask, what apr would friendly's say you were paying?
Business
2 answers:
Dmitrij [34]3 years ago
8 0
1268% APR  
First, let's see what interest is charged over a 1 week period. 
(5.10 - 4.10)/ 4.10 = 1.00/4.10 = 0.2439 = 24.39%  
So we have 24.39% for 1 week. But APR stands for Annual Percentage Rate. And since there's 52 weeks in a year, we need to multiply that weekly percentage rate by 52. So: 
24.39% * 52 = 1268.28%  
Ouch, usury at it's greatest. You can get loans from Friendly's at the low low rate of only 1268% APR. I'd suggest going elsewhere for your financial needs.
storchak [24]3 years ago
6 0
If it costs $5.10 to get $4.10 from Friendly's then the loanee would pay about 24% which is a pretty high interest rate and presumably the interest rate would decrease with a higher amount loaned as on a larger amount the actual amount of interest earned would still be significant with a lower interest rate.
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CRM means collecting information about the customer for the purpose of improving their future experience.

Explanation:

CRM is an acronym for customer relationship management and it typically involves the process of combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance their satisfaction.

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olga55 [171]

Answer:

The number of mugs Fiwrt should plan on producing during the month of November is 35400 units of mugs.

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