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If you borrow $7,500 at $400 interest for one year, what is your effective interest rate for the following payment plans? (Input your answers as

If you borrow $7,500 at $400 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.)

Anual payments - 5.33%

Semiannual payments

Quarterly payments

Monthly payments

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