Interest Rate is one and a quarter percent compounded monthly.

a. Given this arrangement, what is the effective interest rate per compounding period?

b. Given this arrangement, what is the nominal interest rate?

c. Given this arrangement, what would be the total amount of money financed?

d. Given this arrangement, what would the monthly payment be?

\begin{tabular}{|l|c|} \hline \multicolumn{1}{|c|}{ Item } & Amount \\ \hline Requested Loan Amount to Start Endeavor & $5,000,000 \\ \hline Down Payment & $4,000,000 \\ \hline Title Fees (can be financed) & $25,000 \\ \hline Mortgage Fees (can be financed) & $10,000 \\ \hline Origination and Filing Fees (can be financed) & $5,000 \\ \hline Length of Loan (years) & 30 \\ \hline \end{tabular}