K Compute the periodic rate and interest in the first period for a $2,900 loan with 8.5% APR for the following periods. a. Monthly b. Daily (use a non-leap year) c. Quarterly (4 times a year) d. Biweekly (every 2 weeks) a. The periodic rate is%. 4 (Type an integer or decimal rounded to three decimal places as needed.) The interest in the first period is $ (Round to the nearest cent as needed.) b. The periodic rate is %. (Type an integer or decimal rounded to three decimal places as needed.) The interest in the first period is $ (Round to the nearest cent as needed.) c. The periodic rate is %. (Type an integer or decimal rounded to three decimal places as needed.)

Compute the periodic rate and interest in the first period for a $2.900 loan with 8.5% APR for the following periods a. Monthly b. Daily (use a non-eap year) c. Quarterly ( 4 times a year) d. Biweekly (every 2 weeks) a. The periodic rate is (Type an integer or decimal rounded to three decimal places as needed.) The interest in the first period is (Round to the nearest cent as needed) b. The periodic rate is %. (Type an integer or decimal rounded to three decimal places as needed) The interest in the first period is $ (Round to the nearest cent as needed) c. The periodic rate is (Type an integer or decimal rounded to three decimal places as needed)