4 / 5 63% + 12) Calculating Annuity Values Vanzan Bank offers you a $61,000, nine year term loan at 13% annual interest. What will your annual loan payment be? 5 13) Calculating EAR Last National Bank charges 132 percent compounded monthly on its business loans First Diversified Bank charges 135 percent compounded manually. As a potential borrower. which bank would you go to for a new lo a Elective rate of 13.2 percent compounded monthly Effective rate of 13.5 percent compounded semiannually 14) Valuing Perpetuites Entydet Life iurance Company is selling a perpetuity contract that paysa 5936 monthly The contract currently sells for $90,000. What is the monthly retum on this ismert vehicle? What is the APR? The effective annual return? Monthly APR EAR 15) Caratings Expense You receive a credit card application from Chameleon Savings and Loan lengan dory role of 249 percent per year, compounded monthly for the first six months ncreasing refer to 10 percent compounded money Assuming you the 510.000 na tron your credit card and make no bot paymentow A 30 tv A W