Axis Credit wants to earn an effective annual return on its consumer loans of 14.75% per year. The financing company uses daily compounding on its loans. What interest rate is Axis required by law to report to potential borrowers? (Do not include the percent sign (%). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g. 32.16).) QUESTION 19 You want to buy a new sports coupe for $49.280, and the finance office at the dealership has quoted you an 8.4% APR loan for 3 years with monthly payments. What will your monthly payments be? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) QUESTION 20 You want to buy a new pickup for $43,696, and the finance office at the dealership has quoted you an 8.4% APR loan for 6 years of monthly payments. What is the effective annual rate on this loan? (Do not include the percent sign (%). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g. 32.16).)