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Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $205.1 at the end of each quarter and then pay off the principal amount at the end of the year. What is the effective annual rate on the loan? 8.46% 8.90% O 9.37% 9.86% O 10.38% Suppose you inherited $318,348 and invested it at 8.25% per year. How much could you withdraw at the end of each of the next 20 years? O $28,532 O $29,959 O $31,457 O $33,030 O $34,681