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If you borrow $5,300 at $900 interest for one year, what is your effective interest rate for the following payment plans? (Input your answers as

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If you borrow $5,300 at $900 interest for one year, what is your effective interest rate for the following payment plans? (Input your answers as a percent rounded to 2 decimal places.) Effective Rate of Interest % a. Annual payment % b. Semiannual payments Quarterly payments d. Monthly payments % C. %

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