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Please answer within the hour4.) Find the Effective Interest Rate for the Stated Rate of 0.05compounded 11 times per year. (Write Down your answer with 5decimal places, Ex. if the Effective rate is 3.294%, your answershould be 0.03294.)5.)What would be the monthly payment on a 3 year loan of $37,967if the interest rate is 0.06 compounded monthly?(Remember, as anexample 5.00% equals 0.0500)6.)A new project is estimated to cost $40,263, its expected netcash flows are $14,323 per year for 8 years, and you have anexpected return of 13 Percent. What is the present value of thecash flows?