Question: Hello, I need help with the 2 questions below. Annuity Payment and EAR You want to buy a car, and a local bank will lend

Hello, I need help with the 2 questions below.

Hello, I need help with the 2 questions below. Annuity Payment and

EAR You want to buy a car, and a local bank will

Annuity Payment and EAR You want to buy a car, and a local bank will lend you $25,000. The loan would be fully amortized over 3 years (36 months), and the nominal interest rate would be 12%, with interest paid monthly. What is the monthly loan payment? Do not round intermediate calculations. Round your answer to the nearest cent. $ What is the loan's EFF%? Do not round intermediate calculations. Round your answer to two decimal places. % Future Value of an Annuity for Various Compounding Periods Find the future values of the following ordinary annuities. a. FV of $800 each 6 months for 7 years at a nominal rate of 16%, compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent. $ b. FV of $400 each 3 months for 7 years at a nominal rate of 16%, compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent. $

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