Compute the effective interest rate on a $3-$year business loan arranged over the internet that requires equal monthly payments and has an APR of $23+5\%.$

Compute the monthly payment on a standard $5-$year car loan of $$35,000+23$ dollars if the APR is $6\mathrm{.}50\%?$

Compute the monthly payment on a standard ten$-$year student loan of $$48,000+23$ dollars if the APR is $4\mathrm{.}75\%?$

$C=$$$48,023$

APR$=4\mathrm{.}75\%$

$120$ total monthly

$\frac{4\mathrm{.}75}{12}=0\mathrm{.}003958333$

If a company wanted to create a scholarship fund at a particular college that would eternally pay needs to donate to the college to do so if the appropriate discount rate is $5\%.$

$C=$$$11,023$

$R=0\mathrm{.}5$

$Pv=$$$11,\frac{023}{0\mathrm{.}5}=$$$220,460$