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If you borrow $7,900 at $520 interest for one year, what is your effective interest rate for the following payment plans? (Input your answers as

If you borrow $7,900 at $520 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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