19. Suppose interest rates were not 12% (APR, monthly compounded) but 20% (EAR). How would your answer change?

a) Victorias contributions would be bigger because interest rates increased. b) Victorias contributions would not change. c) Victorias contributions would be smaller. d) Victorias contributions would be bigger because the present value of the cabin will be smaller. e) Victorias contributions would be smaller because the future value of the cabin will be bigger.