You need to construct an amortization schedule for a $400, 12% nominal rate loan with 8 quarters equal payments. What is the periodic rate? O 2.5% 2.8% 3% O 3.2% 3.4% O 3.5% 4% 5% QUESTION 4 What are the FV and PV of a 3-year ordinary annuity of $20 at 7%? o $64.30 and $50.49 $63.30 and $52.49 $64.30 and $52.49 $64.67 and $53.46 $65.67 and $53,46 $64.67 and $54.46