Suppose you lend ​$11,500 to a friend at an APR of 10.00​%. Your friend will pay you back beginning next month with 60 monthly installments. You can reinvest the payments you receive in your money...

Suppose you lend

to a friend at an APR of

Your friend will pay you back beginning next month with

monthly installments. You can reinvest the payments you receive in your money market account at an APR of

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

​months? (to nearest​ $___________________

c. What is your effective annual return​ (EAR), _._​ _%?______________