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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.

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%

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)

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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