please provide calculator steps and or equation explain

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11. Suppose you take a loan of $10,000 to hire a tutor. The AP R of the loan is 12 percent (compounded monthly). There are no minimum monthly payments for You are sure to land a dream job after 3 years. Therefore, you are planning to make no payments for the loan until 3 year later when you will repay the loan in full. How much will you need to pay to the bank 3 years from today? the loan. 1) $6,989 2) $13,478 3) $14,049 4) $14,308 12. Consider two savings accounts. Bank A pays 7.5 percent compounded annually, and Bank B pays 7.4 percent compounded semiannually. Based on effective annual interest rates, which bank is offering a better deal? 1) Bank A (7.5 percent compounded annually) 2) Bank B (7.4 percent compounded semiannually) 3) There is insufficient information to compute the effective interest rates. 4) I don't like this question. I do not want to receive a point for this