Find the effective interest rate for a loan for three years compounded quarterly at an annual rate of 8%. Use the accompanying future value table. Click the icon to view the future value table. O A. 8.35% OB. 8.24% O C. 8.32% OD. 8.19% Future Value or Compound Amount of $1.00 Rate per period Periods 0.50% 100% 1.5096 2.0096 2.50 3.0096 4.0096 5.0096 6.00968.000 10.0096 1.00500 1.01000 1.01500 1.02000 1.02500 1.03000 1.04000 1.05000 1.06000 1.08000 1.10000 2 1.01003 1.02010 1.03023 1.04040 1.05063 1.06090 1.08160 1.10250 1.12360 1.16640 1.21000 3 1.01508 1.03030 1.04568 1.06121 1.07689 1.09273 1.12486 1.15763 1.19102 1.25971 1.33100 4 1.02015 1.04060 1.06136 1.08243 1.10381 1.12551 1.16986 1.21551 1.26248 1.36049 1.46410 5 1.02525 1.05101 1.07728 1.10408 1.13141 1.15927 1.21665 1.27628 1.33823 1.46933 1.61051 6 1.03038 1.06152 1.09344 1.12616 1.15969 1.19405 1.26532 1.34010 1.41852 1.58687 1.77156 7 1.03553 1.07214 1.10984 1.14869 1.18869 1.22987 1.31593 1.40710 1.50363 1.71382 1.94872 8 1.04071 1.08286 1.12649 1.17166 1.21840 1.26677 1.36857 1.47746 1.59385 1.85093 2.14359 9 1.04591 1.09369 1.14339 1.19509 1.24886 1.30477 1.42331 1.55133 1.68948 1.99900 2.35795 10 1.05114 1.10462 1.16054 1.21899 1.28008 134392 1.48024 1.62889 1.79085 2.15892 2.59374 11 1.05640 1.11567 1.17795 1.24337 1.31209 1.38423 1.53945 1.71034 1.89830 2.33164 2.85312 121.06168 1.12683 1.19562 1.26824 1.34489 1.42576 1.60103 1.79586 2.01220 2.51817 3.13843 13 1.06699 1.13809 1.21355 1 29361 1.37851 1.46853 1.66507 1.88565 2.13293 2.71962 3.45227 14 1.07232 1.14947 1.23176 1.31948 1.41297 1.51259 1.73168 1.97993 2.26090 2.93719 3.79750 15 1.07768 1.16097 1.25023 1 34587 1.44830 1.55797 1.80094 2.07893 2.39656 3.17217 4.17725 16 1.08307 1.17258 1.26899 137279 1.48451 160471 1.87298 2.18287 2.54035 3.42504 4.59497 17 1.08849 1.18430 1.28802 1.40024 1.52162 165285 1.94790 2 29202 2.69277 3.700025.05447 18 1.09395 1.19615 1304 14282515296 1.70714:200582 20662 2.8434 3.99602 555992 19 1.09940 120811 1.32695 1.45681 1.5985 1.75351 210685 25285 3.02560 4.31570 611591 20 1.10490 122019 1.34686 1.48595 1.66 662 1.80611 219112 2.65530 3.20714 4.56006 672750 | 1.11042 123239 136706 151567 1.7958 1.86029 227377 273596 3.39956 5.03383 7.40025 1.11597 124472 138756 1.4598 1.72157 191610 236992 292526 3.60354 5.4364 8.14027 1.12155 125716 1.40838 157690 1.76461 197559 24472 3.07152 3.81975 5.3714 895430 | 1.12716 126973 1.42950 1.60844 1.80875 203279 226:30 322510 4.04893 6.34118 98273 1.13280 12823 1.45095 1.4061 1.85394 200578 266584 338635 4.29187 634848 10.83471 1.13846 129526 1.47271 1.67342 1.90029 21589 27247 555567 4.24933 730635 11.91818 27 1.1415 130821 1.4480 1.70689 194780 122129 288337 3.73346 4.8255 7.98806 13.10999 ( 8 1.14287 132129 1.51722 174102 1.99650 228797 199870 392013 5.1l168 8.62711 1442099 29 1.15562 133450 1.53998 17584 2.04641 235657 3.11866 4.11614 5.41839 9.51727 15.86300 | 0 1.1610 134785 1.563 1.81136 2.09757 142726 324340 432194 5.74349 10.0626 17.4100, 26
