Suppose Community Bank offers to lend you $8,000 for one year at a nominal annual rate of 19.50%, but you must make interest payments at the end of each quarter and then pay off the $8,000 principal amount at the end of the year. What is the effective annual rate on the loan? a. 20.97% b. 20.79% c. 19.50% d. 21.34% O e. 20.45% What's the future value of $2,000 after 8 years if the appropriate interest rate is 6%, compounded monthly? a. $3,228.29 b. $3,209.41 c. $3,220.65 d. $3,187.70 e. $2,081.41