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#4: a) You contribute $1,000 every month into an investment account that earns 9%. How much would you have after 5 years? b) You are

#4: a) You contribute $1,000 every month into an investment account that earns 9%. How much would you have after 5 years? b) You are comparing two loans. The first loan requires monthly instalments and charges an APR of 10%. The second loan requires quarterly instalments and charges an APR of X%. Find X that would make you indifferent between the two loans

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