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Problem 8 - 1 8 ( Algo ) Effective rate under different terms [ LO 8 - 2 ] If you borrow $ 7 ,
Problem Algo Effective rate under different terms LO
If you borrow $ at $ interest for one year, what is your effective interest rate for the following payment
Note: Input your answers as a percent rounded to decimal places.
tabletableEffective Rate ofInteresta Annual payment,,
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