You borrowed $5000 today from a local bank. You promise to pay back the loan with quarterly payments in 4 years. If the interest rate charged to this amortized loan is 8% (APR), how much should you pay to the bank every quarter?

A. 170.35

B. 235.50

C. 368.25

D. 459.33

E. 549.70

What is the effective annual rate of interest on an investment option if the investment option is advertised as offering 12% (APR), semi-annual compounding over the next three years?

A. 12.00%

B. 12.36%

C. 13.00%

D. 13.48%

13.95%