P15-3 (similar to) Question Help Straight bank loan. Left Bank has a standing rate of 7.7% (APR) for all bank loans and requires monthly payments. What is the monthly payment if a loan is for (a) $150,000 for 5 years, (b) $250,000 for 11 years, or (c) $1,100,000 for 25 years? What is the effective annual rate of each of these loans? Question Help P15-4 (similar to) Straight bank loan. Right Bank offers EAR loans of 9.22% and requires a monthly payment on all loans. What is the APR for these monthly loans? What is the monthly payment for a loan of (a) $215,000 for 5 years, (b) $445,000 for 10 years, or (c) $1,150,000 for 30 years? L-Ann in the month rene