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(Annuity number of periods) Alex Karey has taken out a $190,000 loan with an annual rate of 9 percent compounded monthly to pay off hospital

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(Annuity number of periods) Alex Karey has taken out a $190,000 loan with an annual rate of 9 percent compounded monthly to pay off hospital bils from his wile izzys iltem. II docimat ptaces tor the monilhy porcentage rate in your calcilations a. If Alox can pay 51,500 per moeth the number of years ht takes for him to par off the loan is years (Round to one decinsl place.) a. Calculate the annual rate of retum for each year from the above information b. What is the arthmotic avorago rate of return earnod by investing in Marshis stock over this period? c. What is the geometric average rato of return earned by investing in Marsh's stock over this period? avorage annual rate of relum eamed over the period? a. The annual rate of ceturn at the end of yest 2 is K. (Round to two decimst places)

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