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Using the effective-interest method, what is the total cash payment for interest for each 12 -month period? (All amounts rounded to the nearest dollar.) A.

Using the effective-interest method, what is the total cash payment for interest for each 12 -month period? (All amounts rounded to the nearest dollar.) A. $8,000 B. $4,000 C. $6,928 D. $6,000

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