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5. What is the rate of investment when a Ghc50,000 investment now provides a perpetual annuity of Ghc3,000 per per annum? 6. Rock oil is

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5. What is the rate of investment when a Ghc50,000 investment now provides a perpetual annuity of Ghc3,000 per per annum? 6. Rock oil is negotiating a loan from its bankers, the going rate is quoted as 9% APR. The terms of the loan call for monthly payments. What is the effective annual rate (EAR) on such as loan

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