Question

100 POINTS PLZ ANSWER QUICKLY AND TRUTHFULLY

Answer 1

Answer:

Step-by-step explanation:

Part IV

There are 365/5 = 53 five day periods in a year

She would pay $180(53) = $9,540 to borrow the money for a full year

APR = 100(9540 / 2400) = 397.5%

Part V

The $180 fee seems to be a better deal

At 500% interest a year would cost 2400(5) = $12000

5 days would cost 12000/53 = $226.42