Suppose Capital One is advertising a 60-month, 5.39% APR motorcycle loan. If you need to borrow $9,000 to purchase your dream Harley-Davidson, what will be your monthly payment? (Note: Be careful not to round any intermediate steps less than six decimal places.) Your monthly payment will be $ . (Round to the nearest cent.) You are considering a car loan with a stated APR of 6.94% based on monthly compounding. What is the effective annual rate of this loan? The effective annual rate is %. (Round to two decimal places.) Assume you graduate from college with $29,000 in student loans. If your interest rate is fixed at 4.85% APR with monthly compounding and you repay the loans over a 10-year period, what will be your monthly payment? Your monthly payment will be $ . (Round to the nearest cent.)