Your firm borrows $1, 500,000 to purchase a new construction crane What is the annual payment if you plan to pay off the loan in 10 annual installments at an interest rate of 6 50%? $228, 612 $208, 657 $3, 391, 475 $98, 245 There is not enough information to answer this question. If you deposit $12,000 per year into an account that accumulates into $304, 071 at the end of 18 5 years, what is the rate of return on account? 3.47% 8.73% 5.38% 4.16% 4.39% You borrowed $67,000 today and agreed to repay the loan by making 20 equal annual payment of $5,000 each. What is the interest rate on this loan? 4.16% 5.03% 6.42% 7.32% Your bank offers you a loan with quarterly payments and a 6.50 percent APR. What's the effective annual rate (EAR) on this loan? 11.57 % 6.37 % 12.01 % 6.66 %