Question: need numbers 2 & 7 please wrong page and wrong questions. please disreguard and dont answer. DONT ANSWER ach month of $16 for 7 years,

ach month of $16 for 7 years, what would be the total cost of those banking fees? 2. Determining an Annual Interest Rate. A payday loan company charges 4.25 percent interest for a two-week period. What is the annual interest rate? 3. Computing CD Interest. A certificate of deposit will often result in a nanalt for denne + percent (compounded annually)? (Use time value of money calculations in Chapter 1 Appendix.) 7. Comparing Taxable and Tax-Free Yields. With a 28 percent marginal tax rate, would a tax-free yield of 7 percent or a tax- able yield of 9.5 percent give you a better return on your savings? Why? 8. Computing APY. What would be the annual percentage yield for a savings account that earned $56 in interest on $800 over
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