What actual interest rate will you pay for this? loan

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Reference no: EM131624491

You are due a tax refund of $720. Your tax preparer offers you a? no-interest loan to be paid by your refund? check, which will arrive in three weeks.He charges a fee of $80 for this service. What actual interest rate will you pay for this? loan? (Hint: The time period for this loan is not 3/52 because a? 365-day year is 52 weeks and 1 day. So use days in your? computations.)

Reference no: EM131624491

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