1. You recently received a credit card offer in the mail. The offer states that the annual percentage rate (APR) is 19 percent on outstanding balances. What is the effective annual interest rate? (3 pts) 2. If you borrow money to buy a small company for $450,000 and the mortgage balance is to be paid off monthly over 30 years at a 7.5 percent (APR) rate of interest on the unpaid balance, what are the equal end-of-month payments? (3 pts) In the last problem, how much of payment #35 is interest? (1 pt)