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What is the effective annual rate if the annual percentage rate is 6% compounded semi-annually? Enter your answer as a percentage rounded to two decimal places. Do not include the percentage sign in your answer. Enter your answer below. % Suppose you take a 7 year loan of $35,000 with an interest rate of 6% and annual payments starting at the end of year 1. What are the annual loan payments? Enter your response below. Suppose you save $7,000 at the end of every six months for your retirement. If you can earn 9% per year (APR) on your investments, how much will you have saved by the time you retire in 25 years? Enter your response below (rounded to 2 decimal places) Assume the total cost of a university education will be $180,000 when your child enters university in 8 years. You presently have $145,000 to invest. What annual rate of interest (APR) must you earn, if the interest is compounded semi-annually? Enter your answer as a percentage. Do not include the percentage sign in your answer. Enter your response below rounded to two decimal places. % Assume the total cost of a university education will be $180,000 when your child enters university in 8 years. You presently have $145,000 to invest. What annual rate of interest (APR) must you earn, if the interest is compounded semi-annually? Enter your answer as a percentage. Do not include the percentage sign in your answer. Enter your response below rounded to two decimal places. %