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0. $ Anne Harrison borrowed $900 from her uncle to pay off her credit card bil Anne agreed to pay the principal in three monthly

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0. $ Anne Harrison borrowed $900 from her uncle to pay off her credit card bil Anne agreed to pay the principal in three monthly installment of $300 each. Anne's unde charged interest of 0.75% (monthly rate) on the unpaid balance each month. Complete Anne's loan payment schedule. Then use Anne's loan payment schedule to solve the effective rate problem Month Unpaid Balance Interest Payment Principal Payment Total Payment New Balance 1 $ $300 b. 2 $ $300 $ 3 C 3 $ $ $ $ Total $ $ d. Compute the effective annual interest rate in the Harrison loan agreement by using $ R- PxT where is the average principal over the 3-month period, I is the total amount of interest, and is the rear R- 96

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