1)2)

Do not round intermediate calculations. Round your answer for the monthly loan payment to the nearest cent and for EAR to two decimal places. Monthly loan payment: \$ EAR: % Find the interest rates earned on each of the following. Round your answers to the nearest whole number. a. You borrow $650 and promise to pay back $780 at the end of 1 year. % b. You lend $650, and the borrower promises to pay you $780 at the end of 1 year. % c. You borrow $56,000 and promise to pay back $247,041 at the end of 10 years. % d. You borrow $11,000 and promise to make payments of $3,359.50 at the end of each year for 5 years. %