I NEED ANSWEAR ASAP

You borrow $1,000 and amortize the loan by making 12 monthly payments of $90. What annual rate of interest is the lender charging you?

		13.45%
		12.45%
		10.45%
		11.45%
		14.45%.

In exchange for paying two points up front, the lender lowers the interest rate on the previous loan to 13%. What is the monthly payment that amortizes the loan?

		$89.13
		$89.32
		$88.13
		$87.32
		$89.68.

What the effective annual rate will you be paying if you accept the offer in the previous question? Hint: Please note that although you are paying interest on $1,000 you are only receiving $980

		14.45%
		16.87%
		10.45%
		11.45%
		14.45%.