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 7 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) 4.13% 3.44% 6.88% 2.75% 7.12%

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)