Assume a bank offers an effective annual rate of 6.36%. If compounding is monthly what is...

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Assume a bank offers an effective annual rate of 6.36%. Ifcompounding is monthly what is the APR? Answerformat: PercentageRound to: 4 decimal places (Example: 9.2434%, % sign required. Willaccept decimal format rounded to 6 decimal places (ex:0.092434))

Derek borrows $288,578.00 to buy a house. He has a 30-year mortgagewith a rate of 4.58%. The monthly mortgage payment is$________.

Derek borrows $322,144.00 to buy a house. He has a 30-year mortgagewith a rate of 4.84%. After making 92.00 payments, how much does heowe on the mortgage?

Derek borrows $36,877.00 to buy a car. He will make monthlypayments for 6 years. The car loan has an interest rate of 5.53%.What will the payments be?

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Assume a bank offers an effective annual rate of 6.36%. Ifcompounding is monthly what is the APR? Answerformat: PercentageRound to: 4 decimal places (Example: 9.2434%, % sign required. Willaccept decimal format rounded to 6 decimal places (ex:0.092434))Derek borrows $288,578.00 to buy a house. He has a 30-year mortgagewith a rate of 4.58%. The monthly mortgage payment is$________.Derek borrows $322,144.00 to buy a house. He has a 30-year mortgagewith a rate of 4.84%. After making 92.00 payments, how much does heowe on the mortgage?Derek borrows $36,877.00 to buy a car. He will make monthlypayments for 6 years. The car loan has an interest rate of 5.53%.What will the payments be?