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You intend to purchase one of these vehicles for exactly $10,000. You have four different loans available to you, and you want to select the

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You intend to purchase one of these vehicles for exactly $10,000. You have four different loans available to you, and you want to select the best deal. This second loan, offered by Leonard Bank, is a five year loan with an annual rate of 5.55% with weekly compounding. What is the effective annual rate for this Leonard Bank loan? (answer in percent, rounded to the second decimal. For example, if your answer was 11.234% you should enter 11.23 as your answer) You intend to purchase one of these vehiclese for exactly $10,000. You have four different loans available to you, and you want to select the best deal. This third loan, offered by Wald Credit Union, is a five year loan with annual payments of $2,385.87. a What is the effective annual rate for the McKee Credit Union loan? (answer in percent, rounded to the second decimal. For example, if your answer was 11.234% you should enter 11.23 as your answer) You intend to purchase one of these vehiclese for exactly $10,000. You have four different loans available to you, and you want to select the best deal. This final loan, offered by Parker Bank and Trust is not revealing all of the loan details. However, they guarantee that once you include the fees, the annual cost of this loan is 2.00% of the outstanding balance. What is the effective annual rate for the Parker Bank and Trust loan? (answer in percent, rounded to the second decimal. For example, if your answer was 11.234% you should enter 11.23 as your answer)

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