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Please complete all questions. A commercial bank will loan you $38,130 for 4 years to buy a car. The loan must be repaid in equal

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Please complete all questions.

A commercial bank will loan you $38,130 for 4 years to buy a car. The loan must be repaid in equal monthly payments at the end of the month. The annual interest rate on the loan is 10.80 percent of the unpaid balance. What is the amount of the monthly payments? Round the answer to two decimal places. You have just purchased an investment that generates the cash flows shown below for the next four years. You are able reinvest these cash flows at 5.32 percent, compounded annually. How much is this investment worth at the end of year four? End of year 1. $373 2. $1,071 3. $326 4. $178 Round the answer to two decimal places. You plan to apply for a loan from Bank of America. The nominal annual interest rate for this loan is 16.81 percent, compounded daily (with a 365-day year). What is the effective annual rate, or EAR (annual percentage yield), of this loan? Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box) A commercial bank will loan you $38,130 for 4 years to buy a car. The loan must be repaid in equal monthly payments at the end of the month. The annual interest rate on the loan is 10.80 percent of the unpaid balance. What is the amount of the monthly payments? Round the answer to two decimal places. You have just purchased an investment that generates the cash flows shown below for the next four years. You are able reinvest these cash flows at 5.32 percent, compounded annually. How much is this investment worth at the end of year four? End of year 1. $373 2. $1,071 3. $326 4. $178 Round the answer to two decimal places. You plan to apply for a loan from Bank of America. The nominal annual interest rate for this loan is 16.81 percent, compounded daily (with a 365-day year). What is the effective annual rate, or EAR (annual percentage yield), of this loan? Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)

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