Question: PLEASE SHOW ALL WORK AND FORMULAS, DON'T USE EXCEL. IF YOU USE A FINANCIAL CALCULATOR PLEASE PUT ALL STEPS FOR ENTERING INTO THE CALCULATOR AND

PLEASE SHOW ALL WORK AND FORMULAS, DON'T USE EXCEL. IF YOU USE A FINANCIAL CALCULATOR PLEASE PUT ALL STEPS FOR ENTERING INTO THE CALCULATOR AND WHICH MODES IT NEEDS TO BE ON. PLEASE SHOW ALL WORK AND FORMULAS, DON'T USE EXCEL. IF YOU USE

Question 21 The 17th National Bank of Tuscaloosa offers a 3-vear line of credit in the amount of $45,000 The account carries a 14.00% APR with quarterly compounding. At the end of 1 year, how much interest have you paid and what is the banks effective annual rate? 1

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