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URGENT! Question 1 3.5 pts Dealer A offers you a car with monthly payments of $ 330 for 60 months, starting 1 month from today.

URGENT!

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Question 1 3.5 pts Dealer A offers you a car with monthly payments of $ 330 for 60 months, starting 1 month from today. Dealer B offers you the same car for 12 quarterly payments of $1,500 each, starting 1 quarter from today. Assume that the car costs $15,000. What is the Effective Annual Rate (EAR) for Dealer A? (4 DP: e.g. 0.1234) Question 2 3.5 pts What is the Effective Annual Rate (EAR) for Dealer B? (4 DP: e.g. 0.1234)

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