| Tool: Payday Loan Calculator |
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| Go to: | http://216.250.243.12/paydayloaninfo/calc.cfm (opens a new window) | ||
| Description: | How much does it cost to borrow money from a payday lender? Many companies quote the cost of loans as the cost to borrow $100, such as $15 per $100 or $20 per $100. Since the loan must be paid in a week or two, consumers may not realize how much loans cost under typical use. | ||
| Technology Type: | JavaScript | ||
| Author: | Consumer Federation of America | ||
| Language: | English | ||
| Cost: | Does not require payment for use | ||
| Average Rating: |
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| Courses: | Math 7 | Finding percentages | |
| Financial Education | Annual percentage rate (APR), Borrowing, Loans, Payday loans | ||
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