You have just borrowed $170,000 to buy a condo. You will repay the loan in equal monthly payments of $1,790.48 over the next 25 years. What monthly interest rate are you paying on the loan? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. What is the APR? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. What is the effective annual rate on that loan? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. What rate is the lender more likely to quote on the loan?

You have just borrowed $170,000 to buy a condo. You will repay the loan in equal monthly payments of $1,790.48 over the next 25 years. a. What monthly interest rate are you paying on the loan? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. b. What is the APR? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. c. What is the effective annual rate on that loan? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. d. What rate is the lender more likely to quote on the loan