ore: 0 of 1 pt 7 of 15 (5.complete) | > | HW Score: 13.33%, 2 Problem 3.LO2.8 (similar to) Question Help * A bank advertises a nominal annual interest rate of 10.9% on a loan. However, interest is compounded monthly In decimal form, what is the effective interest rate on the loan? In decimal form, what is the effective interest rate on the loan? (Enter your answer in decimal form. Round to four decimal places) 8 of 15 (5,complete) core: 0 of 1 pt Problem 3.L03.9 (similar to) Ted Roberts has been offered the following future payments n years from today. If his opportunity cost HW Score: 13.33%, 2 Question Help e compounded annually, what value would he place on each opportunity? Future Interest Present Value (S) Value ($) 8,600 6,300 6,800 3,300 Rate (%) 5 Years 10 27 29 16 13 Future Value ($) 8,600 Interest Rate (%) 5 Present Value (S) Years (Round to the nearest cent) 10