3
QuizMultiple Choice

Consumer Responsibilities

Question 3 • FL-2102373-Personal Finance and Money Management Honors

Determine the annual percentage rate (APR) for a tax refund anticipation loan based on the following information. (Round to the nearest percent.)amount of loan = $985total fees paid = $135term of loan = 10 days

Answer
A
50%
B
137%
C
266%
D
500%
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