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For a 4 - year loan of $ 6 0 , 0 0 0 with an interest rate of 1 0 . 8 0 %

For a 4-year loan of $60,000 with an interest rate of 10.80% compounded monthly,
What is your monthly payment?
What is the effective annual interest rate?
What is the effective monthly interest rate?
If I dont make any payment for two years (assuming no penalties) and pay off the entire loan at the end of the second year, what amount do I need to pay?
What is the economic equivalent value of $60,000 at this interest rate in 11 months
Please only put the numerical value into the answer box. For 1,4,5 round up your answer to the nearest integer. For 2 and 3, please only put the numerical value of the percentage in 2 decimal points.

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