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If you borrow $6,000 at $800 interest for one year, what is your effective interest rate for the following payment plans? (Input your answers as

If you borrow $6,000 at $800 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.)

A. Annual Payments. Effective Rate of Interest =

B. SemiAnnual Payments. Effective Rate of Interest =

C. Quarterly Payments. Effective Rate of Interest =

D. Monthly Payments. Effective Rate of Interest =

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