a.Month-end payments of $1,500 are made to settle a loan of $146,500 in 9 years. What is the effective interest rate? 0.00 % Round to two decimal places

b.Jordan's retirement fund has an accumulated amount of $40,000. If it has been earning interest at 4.93% compounded monthly for the past 17 years, calculate the size of the equal payments that he deposited at the beginning of every 3 months.

Round to the nearest cent

c.You invested $8,500 at the end of each half-year for 6 years in an investment fund. At the end of year 6, if the balance in the fund was $118,000, what was the nominal interest rate compounded semi-annually?

%

Round to two decimal places