Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $330.00 at the end of each quarter and then pay off the principal amount at the end of the year. What is the effective annual rate on the loan? You are considering an investment in a Third World bank account that pays a nominal annual rate of 18%, compounded monthly. If you invest $5,000 at the beginning of each month, how many months would it take for your account to grow to $125,000 ? Round fractional months up