Question 1146643
The fee per day its:
{{{ 90/16 = 5.625 }}} dollars/day
This is {{{ 5.625*365 = 2053.125 }}} dollars/yr
The annual interest rate would be
{{{ 2053.125/400 = 5.1328 }}}
513.28 % annual rate
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definitely get another opinion.
check the math, too