% with 1. Nominal rate of 8% compounded monthly will result into holding period rate of a holding interval of 2 years. Show your solution: 2. If you take out a loan in the amount of 10,000 payable as lump sum with interest in two years your payment in two years will be ................ Suppose that the bank charges 8% APR compounded monthly (like in problem 1) Show your solution: minstintorerate of % effective annual interest rate will be 12% when