A property worth $96,500 is purchased for 5% down and quarterly payments of $2000 for 18 years What is the effective annual rate of interest if interest is compounded monthly? The effective annual rate of interest is % (Round to two decimal places as needed.) Question Help Gina bought a car priced at $10,147.00 for 6% down and the balance in equal semi-annual payments over 45 years at 10% compounded semi-annually. How much does Gina have to pay every six months? Gina must make payments of (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)