document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1151431>Question 1151431</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The end of the month has arrived and Marina was only able to save up $150 to pay off her pay-day loan of $900.  This means she will have to delay payment on the remaining $750.  Besides the delayed payment fee that she is charged, she will now have to pay interest on the remaining amount.  The APR (annual percentage rate) is 47%, but the interest is compounded daily.\r<BR>\n" );
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document.write( "What is the effective interest rate that Marina will actually be paying? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #773270 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=773270\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> this was answered previously.<BR>\n" );
document.write( "here's the link to the answer.<BR>\n" );
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