Gomez Electronics needs to arrange financing for its expansion program Bark Atters to lend Gomez the required funds on a loan with APR of 8%, in which interest must be paid monthly Bank B will charge an APR of 88% with interest due at the end of the year. What is the difference in the effective annual rates changed by the two banks? Select one a 125% b. 100% C 0.70% d 0.25% 0504 Wich of the towing is most correct Other things on the higher the compounding frequency, the small the efective annual rale One things, the higher the compounding frequency, the larger the periodic interest rate can westment pays 10 percent est compounded annually, its effective rate will be greater than 10 percent Anwensperiod were willways be equal to or smaller than its nominal interest rate Anemonterest will always be equal to or greater than tsetective 23 You have found a car you would like to purchase the car costs $20.000 and you have $3000 to pay a down payment. Your bank wisan you the balance at 6% for 5 years. How much is your monthly loan payment? Select one a $385.00 6532868 C540358 d 527005 $20331 Anesments 55,568 CE T=) and is expected to produce cash rows of 51.000 at the end of each of the next years, then an additional lump sum payment of $1,500 at the end of the year What the expedied rate of return on this mestiment 59