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QUESTION 10 SJ Farms receives an operating loan for $10,000. The loan will be repaid...

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QUESTION 10 SJ Farms receives an operating loan for $10,000. The loan will be repaid in four, equal quarterly payments of $2,600. What is the effective interest rate? O a. 6.54% Ob.6.76% C. 6.35% Od. 6.50% QUESTION 11 SJ Farms receives an operating loan for $10.000. The loan will be repaid in twelve, equal monthly payments of $862.29. What is the effective interest rate? O a. 6.76% O b. 6.50% O c. 6.54% O d. 6.35%

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