katycilley2623 katycilley2623
  • 19-03-2024
  • Business
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If you borrow $5,300 at $900 interest for one year, what is your effective interest rate for the following payment plans? (Input your answers as a percent rounded to 2 decimal places.)
a. Annual Payment
b. Semiannual Payment
c. Quarterly Payment
d. Monthly Payment

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