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Click to see additional instructions Your company takes out a three-year, $50,000 loan that requires quarterly payments. If the APR is 9.25%, then the effective
Click to see additional instructions Your company takes out a three-year, $50,000 loan that requires quarterly payments. If the APR is 9.25%, then the effective rate (rounded to two decimal places as a percent) on the loan is %. Question 4 of 5 2 Points Click to see additional instructions You want to borrow buy a new car that will require that you borrow $17,500. You can get a five-year loan with an APR of 5.29%. Rounded to the nearest dollar, your monthly payments be $ [Do not use commas or spaces in your numerical answer.] Question 5 of 5 2 Points Click to see additional instructions Today, you start putting $200 into the bank every other month (bimonthly) for the next 10 years. The account pays annual interest of 3.5%. A month after your last deposit, rounded to the nearest dollar, you will have $_ in the account. [Do not use commas or spaces in your numerical answer.]
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