Question: Figure 1: Figure for Problem 1. Problem 2: Suppose that you make quarterly deposits into a savings account that earns a 6% annual interest rate

Figure 1: Figure for Problem 1. Problem 2: Suppose that you make quarterly deposits into a savings account that earns a 6% annual interest rate (APR) compounded monthly. Compute the effective interest rate per quarter, i. (10 points). Compute the effective annual interest rate, ia. (10 points). Suppose you want to buy a car and borrow P=$20,000 at the APR rate. You want to pay off the loan in 4 years with a monthly payment schedule. Find the monthly amount, A to be paid. (5 points). following table over the last 16 years. Let's take the

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