A. Calculate Effective Annual Interest Rate for each case (10 Marks)

APR	Compounding Period
12%	1 Month
8%	3 Months
10%	6 Months

B. 1) If you borrow $1,000and agree to repay the loan in five equal annual payments at an interest rate of 12%, what will your payment be? (5 Marks)

2) What if you make the first payment on the loan immediately instead of the at the end of the first year? (5 Marks)

need asap please