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Sav [38]
3 years ago
14

Lucy obtains a 1-year payday loan for $5000.00 at 12% interest compounded monthly. To get the loan, she

Mathematics
1 answer:
AURORKA [14]3 years ago
3 0

Answer:

An origination fee is typically 0.5% to 1% of the loan amount and is charged by a lender as compensation for processing a loan application. Origination fees are sometimes negotiable, but reducing them or avoiding them usually means paying a higher interest rate over the life of the loan

Step-by-step explanation:

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To do this, we calculated all possible solutions to this problem:

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Below is a list of all the different ways that what times what equals 52.

<span>1 times 52 equals 52

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