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The following table shows annual rates for various types of loans in 2 0 2 1 . Assume monthly payments and compounding periods. HINT [

The following table shows annual rates for various types of loans in 2021. Assume monthly payments and compounding periods. HINT [See Examples 5 and 7.]
\table[[\table[[Loan],[Type]],\table[[30-Year],[Mortgage]],\table[[15-Year],[Mortgage]],\table[[New Car],[Loan]],\table[[Used Car],[Loan]],\table[[Credit],[Cards]]],[Rate,3.03%,2.30%,9.20%,9.45%,13.99%
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