A loan is offered with monthly payments and a 10.75 percent APR. Whats the loans effective annual rate (EAR)? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Given a 5 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,300, $1,600, $1,600, and $1,700. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Given a 7 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,650, $1,850, $1,850, and $2,150. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

You are looking to buy a car. You can afford $480 in monthly payments for four years. In addition to the loan, you can make a $1,300 down payment. If interest rates are 7.75 percent APR, what price of car can you afford? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)