A loan has a stated annual rate of 19.71%. If loan payments are made monthly and interest is compounded monthly, what is the effective annual rate of interest? You invest $3,679.00 at the beginning of every year and your friend invests $3,679.00 at the end of every year. If you both earn an annual rate of return of 9.69%, how much more money will you have after 3.0 years? You currently have $3,172.00 in a retirement Savings account that earns an annual return of 9.15%. You want to retire in 43.0 years with 1,000,000. How much more do you need to Save at the end of every year to reach your retirement goal?