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Answer both please What is the monthly effective rate if the APR compounded monthly is 15%? 5 Pts 1. 1.34% a. b. 1.25% 1.40% c.

Answer both please

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What is the monthly effective rate if the APR compounded monthly is 15%? 5 Pts 1. 1.34% a. b. 1.25% 1.40% c. d. 1.20% None of the above e. What is the annual effective rate if the APR is 18% compounded quarter 2. 17.25% a. b. 16.75% c. 19.25% d. 20.25% e. None of the above

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