Business, 14.02.2020 05:24 annafran89

Bob hasn't been managing his finances very well and is in need of an emergency loan to pay rent. On July 10, he goes to Cash4U for a payday loan and borrows $500. Bob writes a postdated check for $555 which Cash4U will cash 6 days later on July 16. What is Bob's APR on his $500 loan?

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Bob hasn't been managing his finances very well and is in need of an emergency loan to pay rent. On...