Question: s show your work please and how you got it Suppono you lend $47,500 to a friend at an APR of 0.40%. Your friend will

s s show your work please and how you got it Suppono you

show your work please and how you got it

Suppono you lend $47,500 to a friend at an APR of 0.40%. Your friend will pay you back beginning next month with 34 monthly installment. You can read the payments you receive in your money market account at an APR of 3.40%, calculated monthly a. How much will your friend pay you each month? b. How much will you have in your account at the end of 36 months? (to nearest S) c. What is your eflective annual return (EAR), %? Enter your answer in the edit fields and then click Check Answer All parts showing Ants You Are Preparing to Disc Outlook Web App

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