help me with this question please!

you're looking at one-year loan of $12000. the interest rate is quoted as 8.4 percent plus two points.

You are looking at a oneyear loan of MENU. The interest rate is quoted as 3.4 percent plus two points. A point on a loan is simply 1 percent (one percentage point} of the loan amount. Quotes similar to this one are very common with home mortgages. The interest rate quotation in this example requires the borrower to paytwo points to the lender up Front and repay the loan later with 8.4 percent interest. Wl'll'. rate would you actually be paying here? [Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal placesI e.g., 32.16.] Interlink '36 What is the EAR for a one-year loan with a quoted interest rate of 11.4 percent plus two points? [Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., $2.15.] an :9. Is your answer affected by the loan amount? Yes No