13.-15.26 Points) DETAILS TANAPMATH7 4.1.022. MY NOTES ASK YOUR TEACHER Find the effective rate corresponding to the given nominal rate. Use a 365 day year Round your answer to two decimal places.) 8%/year compounded cuarterly DETAILS 14. (-/5.26 Points) TANAPMATH7 4.3.024 MY NOTES ASK YOUR TEACHER A group of private investors purchased a condominium complex for $5 meillion. They made an initial down payment of 15% and obtained fronding for the balance. If the loan is to be amortized over 10 years at an interest rate of 6.16year compounded quarterly, find the required quarterly payment. (Round your answer to the nearest cent.) $ 15. (-/5.26 Points) DETAILS TANAPMATH7 4.1.032. MY NOTES ASK YOUR TEACHER Use logarithms to solve the problem How long will take 512,000 to grow to 519,000 If the investment cams interest at the rate of year compounded monthly? (Round your answer to two decimal places.) 16. (-/5.32 Points) DETAILS TANAPMATH7 4.3.054. MY NOTES ASK YOUR TEACHER sty