5. Bert borrows 140,000 from Friendly Mortgage on January 1, 1993, to be paid in 360 monthly installments at a 6.6% nominal annual interest rate compounded monthly. The first payment is due February 1, 1993. Immediately after payment number 11, Friendly sells the remainder of the loan to Buy-Em-Up Trust for an amount that will yield a 7% annual effective interest rate to Buy-Em-Up. Determine Friendly's effective annual yield over the time that Friendly owns the loan. [6.a #23] A At least 4.5%, but less than 5% B) At least 2.5%, but less than 3% C) At least 3%, but less than 3.5% D) E) At least 3.5%, but less than 4% At least 4%, but less than 4.5% Bert's Payments: 140,000 = Ra 2010.55% → R 894.12 Buy Em-Ups Price: X = R3491j = 136,032.69 Friendly's Yield: 140,000 = RITIK 4 Question 3 1 pts Bert borrows 100,000 from Friendly Mortgage on January 1, 1993, to be paid in 360 monthly installments at a 7.2% nominal annual interest rate compounded monthly. The first payment is due February 1, 1993. Immediately after payment number 19, Friendly sells the remainder of the loan to Buy-Em-Up Trust for an amount that will yield a 8% annual effective interest rate to Buy-Em-Up. Determine Friendly's effective annual yield over the time that Friendly owns the loan. [6.a #23] At least 5%, but less than 5.5% Хуй → (0.5654%) 0.3860] At least 3.5%, but less than 4% i-4.73% At least 4%, but less than 4.5% At least 5.5%, but less than 6% At least 4.5%, but less than 5%