Heath Food Corporations bonds have 13 years remaining to maturity. The bonds have a face value of $1,000 and a yield to maturity of 8%. They pay interest annually and have a 12% coupon rate. What is their current yield? Do not round intermediate calculations. Round your answer to two decimal places.

%

If you deposit money today in an account that pays 3.2% annual interest, how long will it take to double your money? Do not round intermediate calculations. Round your answer to two decimal places.

years

You want to buy a car, and a local bank will lend you $20,000. The loan would be fully amortized over 6 years (72 months), and the nominal interest rate would be 6% with interest paid monthly. What is the monthly loan payment? Do not round intermediate calculations. Round your answer to the nearest cent.

$

What is the loan's EFF%? Do not round intermediate calculations. Round your answer to two decimal places.

%