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Straight bank loan. Left Bank has a standing rate of 8.4 % (APR) for all bank loans and requires monthly payments. What is the monthly

Straight bank loan. Left Bank has a standing rate of 8.4 % (APR) for all bank loans and requires monthly payments. What is the monthly payment if a loan is for (a)130,000 for 5 years, (b) 275000 for 9 years, or (c) 1,300,000 for 25 years? What is the effective annual rate of each of these loans?

What is the monthly payment if a loan is for 130000 for 5 years? (round to nearest cent)

What is the monthly payment if a loan is for 275000 for 9 years?

What is the monthly payment if a loan is for 1,300,000 for 25 years?

What is the effective annual rate for all three loans?(round to two decimal places)

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