Question: requirernent raised the effective interest rate. Do not round intermedinto calcilotiona hovend yeur peismers to two decimal places. a. The naminal annual rate on the

requirernent raised the effective interest rate. Do not round intermedinto calcilotiona hovend yeur peismers to two decimal places. a. The naminal annual rate on the loan was 11.75%. What is the tree effectmo case? b. What would be the effectrve cost of the loan if the note regaired disogunt interest? o e. Wrist would be the nominal annual interest rate on the loan if the bank dud not require a campensating balarce but required repoymient in three equal inanthly ilstalimerita? 10

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