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4 part question. need the minthly payment for each loan. Straight bank loan. Left Bank has a standing rate of 7.9% (APR) for all bank

4 part question. need the minthly payment for each loan. image text in transcribed
Straight bank loan. Left Bank has a standing rate of 7.9% (APR) for all bank loans and requires monthly payments. What is the monthly payment if a loan is for (a) $100,000 for 6 years, (b) $265,000 for 12 years, or (c) $1,100,000 for 23 years? What is the effective annual rate of each of these loans? (a) What is the monthly payment if a loan is for $100,000 for 6 years? (Round to the nearest cent.)

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