A loan is offered with monthly payments and a 12.50 percent APR. What's the loan's effective annual rate (EAR)? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Effective annual rate % Determine the interest rate earned on a $2,300 deposit when $2,600 is paid back in one year. (Round your answer to 2 decimal places.) Interest rate % What is the future value of $975 deposited for one year earning an 8 percent interest rate annually? (Do not round intermediate calculations. Enter your answer as a whole number.) Future value