If you borrow $15,000 at $1,000 interest for one year, what is your effective interest cost for the following payment plans?
-Quarterly payments.

Name: If you borrow $15,000 at $1,000 interest for one year, what is your effective interest cost for the following payment plans? -Quarterly payments.
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The Answer of  If you borrow $15,000 at $1,000 interest for one year, what is your effective interest cost for the following payment plans?
-Quarterly payments.

If You Borrow $15,000 at $1,000 Interest for One Year