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Compute the periodic rate and interest in the first period for a $2,900 loan with 6.5% APR for- 1.) Monthly 2.) Daily (use a non-leap
Compute the periodic rate and interest in the first period for a $2,900 loan with 6.5% APR for-
1.) Monthly
2.) Daily (use a non-leap year)
3.) Quarterly (4 times a year)
4.) Biweekly (every 2 weeks)
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