If 7000 is borrowed and repaid with four quarterly payments
If $7,000 is borrowed and repaid with four quarterly payments of $600 during the first year and four quarterly payments of $1,500 during the second year after receiving the $7,000 loan, what is the effective annual interest rate for the loan?
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if 7000 is borrowed and repaid with four quarterly payments of 600 during the first year and four quarterly payments of
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