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You have just borrowed $200,000 to buy a condo. You will repay the loan in equal monthly payments of $2,106.45 over the next 25 years

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You have just borrowed $200,000 to buy a condo. You will repay the loan in equal monthly payments of $2,106.45 over the next 25 years a-1. What monthly interest rate are you paying on the loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Monthly interest rate a-2. What is the APR? (Do not round intermediate calculations. Enter your answer as a whole percent.) APR b. What is the effective annual rate on that loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Effective annual rate

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