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B Assume a bank offers an effective annual rate of 7.92%. If compounding is monthly what is the APR? Submit Answer format: Percentage Round
B Assume a bank offers an effective annual rate of 7.92%. If compounding is monthly what is the APR? Submit Answer format: Percentage Round to 4 decimal places (Example: 9.2434%, % sign required Will accept decimal format rounded to 6 decimal places (ex: 0.092434)) Derek borrows $291,336 00 to buy a house. He has a 30-year mortgage with a rate of 5.81%. The monthly mortgage payment is $ Submit Answer format: Currency Round to 2 decimal places. Suppose you deposit $1,165.00 into an account 6.00 years from today. Exactly 15.00 years from today the account is worth $1,521.00 What was the account's interest rate? Submit Answer format: Percentage Round to 3 decimal places (Example: 9.243% % sign required Will accept decimal format rounded to 5 decimal places (ex: 0.09243))
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