Question textYou lend a friend $8,000, for which your friend will repay you $26,000 at the end of 9 years. (a) If the interests are calculated annually, what annual percentage rate are you charging your friend? What effective annual rate (EAR) are you charging your friend? The APR you are charging your friend is Answer 1 Question 4[input]% (round to 2 decimal places). The EAR you are charging your friend is Answer 2 Question 4[input]% (round to 2 decimal places). (b) If the interests are calculated semi-annually, what annual percentage rate (APR) are you charging your friend? What effective annual rate (EAR) are you charging your friend? The semi-annual rate you are charging your friend is Answer 3 Question 4[input]% (round to 5 decimal places) The APR you are charging your friend is Answer 4 Question 4[input]% (round to 2 decimal places). The EAR you are charging your friend is Answer 5 Question 4[input]% (round to 2 decimal places)Multiple fill-in-the-blank

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