Gomez Electronics needs to arrange finanong for is expansion program. Bank A offers to lend Gomez the required funds on loan with an APR of, in which interest must be paid monthly Bank wil charge an APR of 88% with interest due at the end of the year. What is the difference in the effective annual rates charged by the two banks Select one a 1.254 b. 100% C 0.70 d 0.25% 1.0.50% Which of the following statements is most correct? Select one a Other things equal the higher the compounding frequency, the smaller the effective annual rate bohet things equal the higher the compounding frequency, the larger the periode interest an investment pays 10 percent terest compounded annually efective rate will be greater than 10 percent An investment's periodic interests will ways be too smaller than its om terest rate . Anne oma terest rate will always be equal to or greater than its effective You have found a car you would like to purchase. The car costs $20,000 and you have $3.000 to pay is a down payment your bank will loan you the balance to for 5 years. How much is your monthly loan payment? Select one 5403 d $270.66 An investment costs 5.08 CFT+0) and is expected to produce cash flows of $1,000 at the end of each of the next years, then an additional lump sum payment of $1.500 at the end of the oth year What is the expected rate ofrem on the went Select one 71 C00