Imari wants to establish a charitable foundation that will make annual scholarship payments forever. Imari wants the foundation to make the first annual scholarship payment in 6 years from today, she wants that first scholarship payment to be 37,240 dollars, and she wants annual scholarship payments to increase by 3.29 percent per year forever. To fund the foundation, Imari plans to make equal annual donations to the foundation for 5 years. How much does Imari need to donate to the foundation each year for 5 years to have exactly enough in the foundation if she makes her first donation to the foundation later today, all donations to the foundation are equal, and funds held by the foundation are expected to earn 12.44 percent per year?

Rocky just borrowed 81,261.85 dollars. The terms of the loan require him to make equal monthly payments for 9 years. His first payment is due today. If Rocky must pay 1,259.23 dollars per month, then what is the EAR of his loan? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.