Given the following information: Item Loan Amount Contractual Rate Life of Loan (years) Conversion Periods (3) Fee Method of Payment (5) (i) Stock Requirement (7) a. C. Enter Response Here: 3 Calculate the APR at Bank A. 5.77% b. 17.07% C. (v) Enter Response Here: (iv) (1) (2) Enter Response Here: J (6) Calculate the APR at Bank B. 1.05% b. 21.87% d. a. d. Enter Response Here: Enter Response Here: (ii) Calculate the effective rate at Bank A. 5.85% b. 17.79% 8.06% d. 21.44% Bank A $1.377.81 20.40% 2 6 Fully Amort. No No Calculate the effective rate at Bank B. 5.25% b. 24,20% 1.10% d. 18.47% 20.40% 6.30% 17.07% 5.77% Which bank offer the least cost loan? A b. B Bank B $1,377.81 21.87% 12 6 Fully Amort. No No

Given the following information: Enter Response Here (ii) Calculate the effective rate at Bank. A. a. 5.85% b. 1779s c. 8.06% d. 21,44% Enter Response Here: (iii) Caiculate the APR at Bank B. a. 1.05% b. c. 21.87% d. 5.72% Enter Response Here: 3. 5250 b. 24,200 c. 1.xok d 16,405 a. A b. B Fater Praponfe Hers