2 pts D Question 31 Which method is typically preferred in calculating a monthly car loan ment? Simple interest calculation Compound interest calculation Ether one because it makes no difference None of them No correct answer Question 32 Question 32 Which of the following methods is suitable for a long-term project (over 15 years in business)? Straight Line Depreciation (SL) Sum of Year Dipits Depreciation (SOYD) Declining Balance Depreciation (DB) A and B above No correct answer You borrow $1.000. To repay this amount you have to make 12 equal monthly payments of $90.30. What is the effective monthly interest rate dosest to? 1508 130% C 125% No correct