If you barrow $4,000 at $500 interest for one year, what is your effective interest rate for the following payment…

what does sound mean? its not in my history book and i need to know asap
August 16, 2021
Slavery
August 16, 2021

If you barrow $4,000 at $500 interest for one year, what is your effective interest rate for the following payment…

If you barrow $4,000 at $500 interest for one year, what is your effective interest rate for the following payment plans?

 

A.    Annual payment, semiannual payments, quarterly payments, and monthly payments

 

 
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