Steel grave Financing offers payday loans

Reference no: EM13686711

Steel grave Financing offers payday loans. The firm charges a $10 interest fee for a two-week period on a $300 loan. What are the effective and nominal annual interest rates on this loan?

Reference no: EM13686711

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Steel grave Financing offers payday loans : Steel grave Financing offers payday loans. The firm charges a $10 interest fee for a two-week period on a $300 loan. What are the effective and nominal annual interest rates on this loan?

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