Question
Your best friend wants to help you out in your time of need. She offers you a loan with an effective annual interest rate of
Your best friend wants to help you out in your time of need. She offers you a loan with an effective annual interest rate of 8 percent.
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| What is the equivalent semi-annual (6 month) interest rate on this loan? |
| Note: I don't want the APR, I want the EPR (the actual 6 month interest rate). |
| (Click to select)3.14%8.16%4.71%7.85%3.92% |
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| What is the quarterly interest rate on this loan? | |
| Note: I don't want the APR, I want the EPR (the actual 3 month interest rate). | |
| % (Enter as a percent and round to two digits) |
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| What is the equivalent 18-month interest rate on this loan? Enter your answer as a percentage rounded to two decimals. | |
| Note: I don't want the APR, I want the actual 18-month interest rate. | |
| % (Enter as a percent and round to two digits) |
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