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please answer question 52 and 53 and please explain how do you get your answers Effective Interest Rate. First National Bank pays 6.2% interest compounded

please answer question 52 and 53 and please explain how do you get your answers

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Effective Interest Rate. First National Bank pays 6.2% interest compounded semiannually Second National Bank pays 6% interest compounded monthly. which bank offers the higher effective annual interest rate? (LO5-5) Loan Payments. You take out an $8.000 car loan that calls for 48 monthly payments starting after 1 month at an APR of 10%, (LO5-4) What is your monthly payment ?What is the effective annual interest rate on the loan? What if the payments are made in four annual year-end installments? What annual payment would have the same present value as the monthly payment you calculated

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