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You wish to borrow $2,000 to be repaid in 4 quarterly installments of $550. The effective quarterly interest rate is a 4.0940%. b 4.0750%. c

You wish to borrow $2,000 to be repaid in 4 quarterly installments of $550. The effective quarterly interest rate is a 4.0940%. b 4.0750%. c 3.9245%. d 3.3334%.

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