Do not answer if you are going to explain, explain how you got the answer, I need to learn not just see the answer. Also try doing it on paper not on excel.

thank you ad try your best.

You borrow $10,000 to purchase a car. You have to repay the loan in 48 equal end-of-period monthly payments. Interest is calculated at 1.25% per month. What is the effective annual interest rate closest to? O 17.70% O 15.05% O 16.08% O 15% O No correct answer Find the unknown value Q from the given information below. Assume l- 10%. EOY o 1 3 4 5 6 7 +Cash Flow 10 20 30 40 50 O 0 N 8 -Cash Flow Q Q Q Q 10 10 10 10 10 O 3.82 O 30.13 O None of the above O No correct answer For a car loan of $15,000 paid monthly over a 5-year period with an annual interest rate of 6%, what will be the difference between Simple Interest and Compound Interest monthly payments? O $31.75 O $29.50 o $35.50 O None of the above No correct answer Most government projects involving intangible values use this method in the analysis process. O Rate of return O Net Present Worth O Benefit Cost Ratio O Payback Period O No correct