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If the annual rate is 6%, what is the periodic monthly rate? Enter your answer as a decimal. 0.005? A loan is quoted as

If the annual rate is 6%, what is the periodic monthly rate? Enter your answer as a decimal. 0.005? A loan is quoted as having an annualized percentage rate (APR) of 12% with monthly payments. What is the loan's effective annual rate (EAR)? Enter your answer as a decimal and show four decimal places. If a 6-month periodic rate is 5%, what is the corresponding annualized rate? Enter your answer as a decimal

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