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Bank A charges 10.1% APR on auto loans with monthly compounding. What is the Effective Annual Rate (EAR) ? (In other words, what is the

Bank A charges 10.1% APR on auto loans with monthly compounding. What is the Effective Annual Rate (EAR) ? (In other words, what is the EAR for a 10.1% APR with monthly compounding?)Answer in %form, with 3 decimals.For example, answer as 17.356 (not 0.17356)

A bank is paying 7.5% APR on a CD. (Note: The convention when there are no periodic payments is to assume annual compounding, unless stated otherwise. Thus this is annual compounding.) If you put $2,358 into an account, how much will the account be worth in 6 years?Answer to 2 decimal places.

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