Interest and Customary Fee.  We will charge simple interest on the average daily principal balance of your Account at the rate of 24% per annum. (“Periodic Interest Rate”), based on a 365-day year.   You will also be charged a customary fee at the rate of 0.70% per day of the average daily principal balance of your Account each billing cycle (“Customary Fee”).  The Customary Fee covers our costs associated with underwriting and documenting the Account, securing and maintaining Account information, validating your information, offering electronic and phone access to the Account, processing Account transactions, responding to inquiries, providing periodic billing statements, and all other services or activities we conduct under this Agreement.  The Customary Fee is not interest for purposes of Tennessee law.  However, the Customary Fee is disclosed as “Interest” for federal disclosure purposes above and on your periodic statement because it is calculated by applying a periodic rate to the average daily principal balance.  The combined Periodic Interest Rate and Customary Fee rate is equivalent to an ANNUAL PERCENTAGE RATE of 279.50%