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rces A payday loan is structured to obscure the true interest rate you are paying. For example, in Washington, you pay a $25 fee" for a two-week 5200 payday loan (when you repay the loan, you pay $225). What is the effective annual interest rate for this loan? (Assume 26 biweekly periods per year) The effective annual interest rate is %. (Round to two decimal places.) ces Suppose Capital One is advertising a 60-month 5.72% APR motorcycle loan. If you need to borrow $9,200 to purchase your dream Hariey Davidson, what will be your monthly payment? (Note: Be careful not to round any rermediate simps less than six decimal places) Your monthly payment will be $ (Round to the nearest cont.) You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current monthly payment is $3,120 and you have made every payment on time. The original term of the mortgage was 30 years, and the mortgage is exactly four years and eight months old. You have just made your monthly payment. The mortgage interest rate is 5.250W (APR). How much do you cwe on the mortgage today? (Note: Be careful not to round any intermediate steps less than six decimal places.) The amount you owe today is $ (Round to the nearest dollar)

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