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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. Monthly Payments =
B. Semiannual Payments =
C. Quarterly Payements =
D. Monthly Payments =
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