Question: please explain how do you get your answers for question 52 and 53. Effective Interest Rate. First National B.ank pays 6.2% interest compounded semiannually. Second

please explain how do you get your answers for question 52 and 53.

please explain how do you get your answers for question 52 and

Effective Interest Rate. First National B.ank pays 6.2% interest compounded semiannually. Second National Bank pays 6% interest compounded monthly. Which bank offers the higher and effective annual interest rate? (LO5-4) Loan Payments. You take out .an $8,000 car loan that calls for 48 monthly payments starting after 1 month at an APNR of 10% (LO5-4) What is your our monthly payment ? What is the effective annual interest rate on the loan? What if the payments are made in four annual year-end installments? what annual payment would have the same present value as the monthly payment you calculated

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