52:54 (Loans and EAR-20 Points) Please label your answers (A, B, C). Also, label TVM parameters (e.g. EAR, APR, C/Y, N, PV, FV, I/Y, PMT). Titan Financial is seeking to take out a business loan. Titan is offered two loan options. LOAN 1: Rate is 6%, with monthly compounding .LOAN 2: Rate is 6.25%, with annual compounding Determine: A) Each loan's EAR, and state which rate (1 or 2) titan should select. B) Titan's monthly payment using loan 1 rate, assuming Titan finances a building (cost= $1,000,000) for a term of 30 years. C) Titan's annual payment using loan 2 rate, assuming Titan finances a fleet vehicle (cost= $80,000) for a term of 8 years.

(Loons ond EAR - 20 Points) Pleose iobel your answers (A, B, C). Also, label TVM parameters (e.g. EAR, APR, C/Y, N, PV, FV, I/Y, PMT). Than Financlal is seeking to take out a business loon. Than is offered two loan options. - LOAN 1 : Rate is 6%, with monthly compounding - LOAN 2: Rate is 6.25%, with annual compounding Determine: A) Ench loon's EAR and state which rate (1 or 2) titan should select. B) Titon's monthly.poyment using loan 1 rate. assuming Titan finances a bullding (cost $1,000,000 ) for a term of 30 years Titan's annual payment using loan 2 rate, assuming Titan finances a fleet vehicle (cost =$80,000 ) for a term of 8 years