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If you borrow $7.000 at $500 Interest for one year, what is your annual interest cost for the following payment plan? (Round the final answers

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If you borrow $7.000 at $500 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 a. Annual payment b. Seniannual payments c. Quarterly payments d. Monthly payments

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