# Anyone know how to solve this finance/statistics problem?

Answers:0 | LastUpdateAt:2012-10-08 10:38:35

**Q**uestion- Ebony Fraser
- Asked at

Many tax preparation companies meet their customers a " refund anticipation loan " ( RAL ) . For a fee, the company will give a customer a refund when filing . The loan is repaid when the IRS sends the refund directly to the company . Thus , the share of RAL is equivalent to charging interest on a loan . The table below shows the rates for RALs offered by a tax preparation firm online . MedlinePlus
MedlinePlus
Amount ...................... RAL RAL Fee MedlinePlus
................................ 0-300 2

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