Question: please answer both!! What is the quarterly interest rate for Frederick's loan if he borrowed $5,400.00 today, he must make equal quarterly payments of $820.00,

please answer both!!

What is the quarterly interest rate for Frederick's loan if he borrowed $5,400.00 today, he must make equal quarterly payments of $820.00, with the first quarterly payment due later today and the last quarterly payment due in 6 quarters?(Round the value to 100th decimal) 10 points

QUESTION 2 If Jorge has $48,600.00 to invest in an investment that makes fixed monthly payments of $1,070.00, how many monthly payments will he receive if he receives his first fixed monthly payment today and his return is 1.47% per month?(Round the value to 100th decimal)

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