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If you borrow $6,100 at $510 interest for one year, what is your effective interest rate for the following payment plans? (Input your answers as

If you borrow $6,100 at $510 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. Answer is complete but not entirely correct. Effective Rate of Interest Annual payment 8.36 % Semiannual payments 8.54 X % Quarterly payments 8.63 % % Monthly payments 8.69 X % b. C. d

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