If you borrow 5300 at 400 interest for one year what is, Ask an Expert

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If you borrow $5300 at $400 interest for one year, what is your effective interest rate for the following payment plans? (Input your answers as a percent rounded for a 2 decimal places).

Effective Rate of Interest

1. Annual payment ..............................%

2. Semiannual payments ..............................%

3. Quarterly payments ................................%

4. Monthly payments ...............................%

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Financial Management, Finance

Category:- Financial Management
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