please help

The next four questions are related to your purchase of your first home for $700,000. You have just purchased the house and have put a 20% down payment, and will borrow the remaining amount. The 30-year fixed rate loan has an Annual Percentage Rate (APR) of 2.875%. You will make monthly payments for the life of the loan. Q1: Your effective interest rate is closest to which of the following? Select one: a 2.986% b. 2.875% c. 2.938% d. 2.9139 e. 2.855% Q2. How much is your monthly payment? Select one: a. $1,500 to $2,000 b. $1,000 to $1,500 c. Less than $1,000 d. $2,000 to $2,500 e. More than $2,500