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Compute the periodic rate and interest in the first period for a $ 2,600 loan with 6.5 % APR for the following periods. a. Monthly

Compute the periodic rate and interest in the first period for a $ 2,600 loan with 6.5 % APR for the following periods.

a. Monthly

b. Daily (use a non-leap year)

c. Quarterly (4 times a year)

d. Biweekly (every 2 weeks)

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