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Compute the periodic rate and interest in the first period for a $ 2 comma 100 2,100 loan with 7.5 7.5 % APR for the

Compute the periodic rate and interest in the first period for a $2 comma 100

2,100 loan with 7.5

7.5% APR for the following periods.

a. Monthly

b. Daily(use anon-leap year)

c. Quarterly(4 times ayear)

d. Biweekly(every 2weeks)

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