3:52 at. :3 \\' LIEU" 61%. e EARA...ent(1) / CT) Week 5 Chapter 6 EAR and APR Assignment 1. If you are quoted a 12% APR by a car salesperson, on a loan with monthly payments: a. What is the rate per month? 12%/ 12 months in a year = 1% each month b. What is the EAR? (1+lmonthly)/\\12 = (1.01)A12 = 1.126825, so subtract the 1, 0.126825, so 12.6825% c. If you make 36 payments of $500 each, to repay your car loan, how much did you borrow? $ 2. If you are earning a daily interest rate of 0.000082191 (0.0082191%) on your savings account, how much is that rate: a. Expressed as an APR? % b. Expressed as an EAR? % c. If you put $100 into your savings account on September 30, 2022 how much Will be in your account on January 1, 2023? FF e I\" C) <