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7. You borrow $2500 with an agreement to pay it off over 6 years. If the effective annual rate of interest is 8%. What is

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7. You borrow $2500 with an agreement to pay it off over 6 years. If the effective annual rate of interest is 8%. What is the amount of the payment if payments are made at the end of each month? Each year? Each two year period. Same questions if payments are made at the beginning of each of these periods

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