i will be sure to upvote. please answer all questions.

7. A credit card company charges an interest rate of 12% per year compounded monthly on the unpaid balance. What is the annual effective interest rate? (Find the closest answer) a. 1.00% b. 12.00% c. 12.68% d. None of the above Q. 8-9) A project engineer is considering the purchase of a used equipment. The total price is $6,500 with $1,500 down payment and the balance paid in 50 equal monthly payments with interest at APR of 24% per year compounded monthly. The payments are due at the end of each month. Compute the monthly payment. 8. Which of the following values is NOT correct with regard to the symbols? a. P=$5,000 b. i= effective 24% c. i= effective 2% per month d. n=50 months 9. What is the equivalent value of monthly payment? (Choose the closest answer) a. $159 b. $207 c. $291 d. $1,856 Q 10 - 11) The WSDOT expects the cost of maintenance for a piece of heavy construction equipment to be $50,000 in year 1 and to increase annually by $2,000 through year 10 . At an interest rate of 2% per year, determine the present worth of 10 years of maintenance costs. 10. What is the equivalent value of (P/G,2%,10) factor? a. 7.7217 b. 31.5720 c. 38.9551 d. 47.4560 11. What is the equivalent value of the Present Worth? Determine the present worth of 10 years of maintenance costs. (Choose the closest answer) a. $77,910 b. $449,130 c. $527,040 d. $1,228,230 7. A credit card company charges an interest rate of 12% per year compounded monthly on the unpaid balance. What is the annual effective interest rate? (Find the closest answer) a. 1.00% b. 12.00% c. 12.68% d. None of the above Q. 8-9) A project engineer is considering the purchase of a used equipment. The total price is $6,500 with $1,500 down payment and the balance paid in 50 equal monthly payments with interest at APR of 24% per year compounded monthly. The payments are due at the end of each month. Compute the monthly payment. 8. Which of the following values is NOT correct with regard to the symbols? a. P=$5,000 b. i= effective 24% c. i= effective 2% per month d. n=50 months 9. What is the equivalent value of monthly payment? (Choose the closest answer) a. $159 b. $207 c. $291 d. $1,856 Q 10 - 11) The WSDOT expects the cost of maintenance for a piece of heavy construction equipment to be $50,000 in year 1 and to increase annually by $2,000 through year 10 . At an interest rate of 2% per year, determine the present worth of 10 years of maintenance costs. 10. What is the equivalent value of (P/G,2%,10) factor? a. 7.7217 b. 31.5720 c. 38.9551 d. 47.4560 11. What is the equivalent value of the Present Worth? Determine the present worth of 10 years of maintenance costs. (Choose the closest answer) a. $77,910 b. $449,130 c. $527,040 d. $1,228,230