Question
If you borrow $7,300 at $800 interest for one year, what is your effective interest rate for the following payment plans?(Input your answers as a
| If you borrow $7,300 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.) |
| Effective Rate of Interest | |
| a.Annual payment | % |
| b. Semiannual payments | % |
| c.Quarterly payments | % |
| d. Monthly payments | % |
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Forecasting Methods And Applications
Authors: Spyros G. Makridakis, Steven C. Wheelwright, Rob J Hyndman
3rd Edition
0471532339, 9780471532330
