#5 Derek borrows $259,881.00 to buy a house. He has a 30-year mortgage with a rate of 5.24%. The monthly mortgage payment is $. Submit Answer format: Currency: Round to: 2 decimal places. #6 Suppose you deposit $1,094.00 into an account 7.00 years from today. Exactly 12.00 years from today the account is worth $1,436.00. What was the account's interest rate? Submit Answer format: Percentage Round to: 3 decimal places (Example: 9.243%, % sign required. Will accept decimal format rounded to 5 decimal places (ex: 0.09243) #1 A bank offers 4.00% on savings accounts. What is the effective annual rate if interest is compounded daily? Submit Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434)) #2 A bank offers 4.00% on savings accounts. What is the effective annual rate if interest is compounded continuously? Submit Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434) #3 Assume a bank offers an effective annual rate of 6.47%. If compounding is quarterly what is the APR? Submit Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434)) #4 Assume a bank offers an effective annual rate of 7.47%. If compounding is monthly what is the APR? Submit Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434)