You have just borrowed $250,000 to buy a condo. You will repay the loan in equal monthly payments of $2.011.56 over the next 30 years. 6. 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.) b. What is the APR? (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? (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? % a. Monthly interest rate b. APR c. Effective annual rate d. What rate is the lender more likely to quote on the loan? % %