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If you borrow $6,000 at $800 interest for one year, what is your annual interest cost for the following payment plan? (Round the final answers

If you borrow $6,000 at $800 interest for one year, what is your annual interest cost for the following payment plan? (Round the final answers to 2 decimal places.) Effective rate 13.33 % 6.46 a. Annual payment b. Semiannual payments c. Quarterly payments d. Monthly payments 3.18 x % 1.05 %

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