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Loan rates of interest. Personal Finance Problem John Flemming has been shopping for a loan to finance the purchase of a used car. He has found three possibintes that aocm attractive and wishes to select the one with the lowest intorest rato. The information avaitable with respect to each of the thras $7.000 loans is shown in the following table. Each loan requires John to make one payment at the end of each year. a. Determine the interest rate associated wist each of the loans b. Which loan should John take? Monthly loan payments. Pervonal Finance Problem. Tim Smith is shopping for a used luxury car Ho has found one priced at 540,000 . The dealer has told Tim that if he can comse up with a down payment of $5.800, the dealer will finance the balance of the price at a 6% annual rate aver 3 years ( 36 months) a. Assuming that Tim accepts the dealers offer, what will his monthly (end-of-month) payment amount be? b. Use a financial calculater or spreadsheet to help you figure out what Tim's monthly payment would be if the dealer were willing to finance the balance of the car price at an annual rate of 3.4% ? Growth rates Jamie El-Erian is a sawy investor On January 1, 2010, she bought shares of stock in Amazon,Chipotle Mexican Grill and Netfix. The table. she paid for each stock, the price she received when she eventually sold her shares, and the date on which she sold each stock, Calculate the average annual growsth in each company's share price over the time that Jamie hald its stock Data table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet) Data table (Click on the icon here D in order to copy the contents of the data table below into a spreadsheet.) Data table Compounding frequency, time value, and effective annual rates For each of the cases in the following tabje, a. Calculate the future value at the end of the specified deposit poriod b. Determine the eflective annual rate, EAR c. Compare the norninal annual rate, f, to the effective annual rate. EAR. What relationship exhits befween compounding frequency and the nominal and ellectire annual rates