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16. Monthly interest rate for an auto loan is 1.2 %. What is the annual simple Interest rate? What is the offective interest rato? 17.

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16. Monthly interest rate for an auto loan is 1.2 %. What is the annual simple Interest rate? What is the offective interest rato? 17. Monthly interest rate for a real estate loan is 1.3 %. What is the annual simple interest rate? What is the offective interest rato? 18. The price of a treasury note is 97 TL. There are 75 days until maturity. (Nominal value is 100 TL). What is the periodic interest rate (interest rate for 75 days) b. What is the annual simple Interest rate? 4 What is the effective interest rato? 19. The price of a discounted government bond is 88 TL. Thero are 480 days until maturity. (Nominal value is 100 TL). . What is the periodic interest rate (Interest rate for 40 days)? b. What is the annual simple interest rate? d. What is the effective interest rate? 20. A person invests 20,000 TL into perpetuity. Interest rate is 12 %. What is the future value at the end of the fourth year? 21. A person invests 30,000 TL into perpetuity. Interest rate is 10 %. What is the future value in 45 days

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