Straight bank loan. Left Bank has a standing rate of 7.6% (APR) for all bank loans and requires monthly payments. What is the monthly payment if a loan is for (a) $140,000 for 5 years, (b) $280,000 for 12 years, or (c) $1,450,000 for 25 years? What is the effective annual rate of each of these loans? (a) What is the monthly payment if a loan is for $140,000 for 5 years? (Round to the nearest cent.)