7) Common Bank wants to appear competitive based on quoted loan rates and thus must offer a 10.35 percent annual percentage rate (APR) on its loans. What is the maximum rate the bank can actually earn based on the quoted rate? (NOTE: show results and show calculations used in financial calculator - which formula and the inputs into TVM Solve/Grid below) For BAIl Plus or Excel TVM template Values Entered (inputs) EFF C/Y NOM Solve for-output 1 field Or For Graphing calculators - TI-83/8 If solving for Eff(enter Nom%, c/y) = or lf solving for Nom(enter Eff%, c/y) = 7) Common Bank wants to appear competitive based on quoted loan rates and thus must offer a 10.35 percent annual percentage rate (APR) on its loans. What is the maximum rate the bank can actually earn based on the quoted rate? (NOTE: show results and show calculations used in financial calculator - which formula and the inputs into TVM Solve/Grid below) For BAIl Plus or Excel TVM template Values Entered (inputs) EFF C/Y NOM Solve for-output 1 field Or For Graphing calculators - TI-83/8 If solving for Eff(enter Nom%, c/y) = or lf solving for Nom(enter Eff%, c/y) =