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If you borrow $7,900 at $520 interest for one year, what is your annual interest cost for the following payment plan? (Round the final answers
If you borrow $7,900 at $520 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. Semiannual payments | % |
| c. Quarterly payments | % |
| d. Monthly payments | % |
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Quantitative Financial Analytics The Path To Investment Profits
Authors: Edward E Williams, John A Dobelman
1st Edition
9813224258, 978-9813224254
