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Date has shown as 3monthplan to buy three monthly installments) installments date in the table is 6month, 3month and 1month respectively 6. Suppose you plan

image text in transcribed Date has shown as 3monthplan to buy three monthly installments)

installments date in the table is 6month, 3month and 1month respectively

6. Suppose you plan to buy the phone in three monthly installments, what is the effective annual rate you pay? (3 points) Payment of Installments each month 758.51 6 1500 3 4369 1 A. 36.3% B. 43.06% C. 3.03% D. 21.88%

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