Please answer all of them. 1.

a.

b.

c.

Your bank is offering you on account that will pay 22% interest (an effective two-year rate) in total for a two-year deposit Determine the equivalent discount rate for the following periods a. Six months b. One year e. One month (Note: Be careful not to round any intermediate steps less than six decimal places) a. Six months The equivalent discount rate for a period length of six months is (Round to two decimal places) You are considering two ways of financing a spring break vacation. You could put it on your credit card, at 18%, APR, compounded monthly, or borrow the money from your parents, who want an interest payment of 10% every six months. Which is the lower rate? (Note. Be carefu not to round any intermediate steps less than six decimal places. The effective annual rate for your credit card is (Round to two decimal places.) You have found three investment choices for a one-year deposit: 11.5 APR compounded monthly, 11.5.APR compounded annually, and 10.71 APR compounded daily Compute the EAR for each investment choice. Assume that there are 365 days in the year) (Note: Be careful not to round any Intermediate steps less than six decimal places.) The EAR for the first investment choice is Round to three decimal places) Supoore Capital One is advertising a 60-month 5823. APR motorcycle loan if you need to borrow $7.400 to purchase your dream Harley-Davidson, what will be your monthly payment? (Note: Be careful not to round any intermediate steps less than six decimal places Your monthly payment will be $ (Round to the nearest cent.)