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Straight bank loan. Left Bank has a standing rate of 8.1 % (APR) for all bank loans and requires monthly payments. What is the monthly

Straight bank loan. Left Bank has a standing rate of 8.1 % (APR) for all bank loans and requires monthly payments. What is the monthly payment if a loan is for (a) $ 125, 000 for 4 years, (b) $ 280,000 for 9 years, or (c) $ 1,150,000 for 24 years? What is the effective annual rate of each of these loans?

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