Question: please answer in formulas and round decimals to two decimal places for interest rates and dollar amounts. please answer in text that can be copied

please answer in formulas and round decimals to two decimal places

please answer in formulas and round decimals to two decimal places for interest rates and dollar amounts. please answer in text that can be copied not in a picture format or excel.

4. Debtors Finance Corp quotes an interest loan of 16.25% add-on rate per year on consumer loans. This means if you borrow $18,000 for three years, the total interest payable on the loan for the three-year period is $8.775. Because you must repay a total of $26.775 ($18.000 + 58.775), the company requires you to make equal monthly installment payments of $743.75 for the next three years. What is the actual APR of this loan? What is the EAR

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