Answer: Friendly's would say that you were paying an APR of 1485.71%.
We arrive at the answer as follows
First we calculate the dollar interest on the $7 loan and the rate of interest.


This 28.5714% interest is for a loan that lasts for one week.
Since a year has 52 weeks, we can find the APR as
.
Answer: D. is used to summarize account balances and adjustments for the financial statements
Answer:
Having a good accountant if you own a large business is important because any mistakes could be detrimental in the long run and upset clients.An accountant takes care of all finances, If a business did not have an accountant it would most likely take a turn for the worst.
-Hope i helped :D
The answer to your question would be $4,500.