27. Suppose Community Bank offers to lend you $10,000 for one year ata nominal annual rate of 8.00%, but you must make interest payments at the end of each quarter and then pay off the $10,000 principal amount at the end of the year. What is the effective annual rate on the loan? a. b. C. d. e. 8.24% 8.45% 8.66% 8.88% 9.10% 28. Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $250.00 at the end of each quarter and then pay off the principal amount at the end of the year. What is the effective annual rate on the loan? a. b. c. d. e 8.46% 8.90% 9.37% 9.86% 10.38% 29. Charter Bank pays a 4.50% nominal rate on deposits, with monthly compounding. What effective annual rate (EFF%) does the bank pay? a. b. c. d. 3.72% 4.13% 4.59% 5.05% 5.56% e. 30. Suppose your credit card issuer states that it charges a 15.00% nominal annual rate, but you must make monthly payments, which amounts to monthly compounding. What is the effective annual rate? a. 15.27% b. 16.08% C. 16.88% d. 17.72% e. 18.61% 27. Suppose Community Bank offers to lend you $10,000 for one year ata nominal annual rate of 8.00%, but you must make interest payments at the end of each quarter and then pay off the $10,000 principal amount at the end of the year. What is the effective annual rate on the loan? a. b. C. d. e. 8.24% 8.45% 8.66% 8.88% 9.10% 28. Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $250.00 at the end of each quarter and then pay off the principal amount at the end of the year. What is the effective annual rate on the loan? a. b. c. d. e 8.46% 8.90% 9.37% 9.86% 10.38% 25. What is the present value of the following cash flow stream at a rate of 8.0%? Years: $750 $2,450 $3,175 $4,400 0 CES: a. $7,917 b. $8,333 c. $8,772 d. 59, 233 e. $9, 695 26. At a rate of 6.58, what is the future value of the following cash flow stream? Years: 0 CES: $0 $75 $225 $0 $300 a. $526.01 b. $553.69 c. $582.83 d. $613.52 e. $645.80