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a. Which savings account pays a higher after-tax interest rate? (Hint: When calculating the money market return, make sure to carry at least six decimal
a. Which savings account pays a higher after-tax interest rate? (Hint: When calculating the money market return, make sure to carry at least six decimal places in all calculations.) Regular savings pays %. (Round to two decimal places.) Money market account pays%. (Round to two decimal places.) Therefore, the account that pays the most is the (Select from the drop-down menu.) b. Should your friend use his savings to pay off any of his outstanding debts? The costs of the loans are as follows: Credit card cost is %. (Round to two decimal places.) Car loan cost is %. (Round to two decimal places.) Home equity loan cost is %. (Round to two decimal places.) Therefore, you should recommend that your friend do the following: (Select the best choice below.) O A. Pay off the credit cards and the car loan and keep the home equity loan. Das the nadit neda and lean the bana ait and the nerlaen Click to select your answer(s). a. Which savings account pays a higher after-tax interest rate? (Hint: When calculating the money market return, make sure to carry at least six decimal places in all calculations.) Regular savings pays %. (Round to two decimal places.) Money market account pays%. (Round to two decimal places.) Therefore, the account that pays the most is the (Select from the drop-down menu.) b. Should your friend use his savings to pay off any of his outstanding debts? The costs of the loans are as follows: Credit card cost is %. (Round to two decimal places.) Car loan cost is %. (Round to two decimal places.) Home equity loan cost is %. (Round to two decimal places.) Therefore, you should recommend that your friend do the following: (Select the best choice below.) O A. Pay off the credit cards and the car loan and keep the home equity loan. Das the nadit neda and lean the bana ait and the nerlaen Click to select your answer(s)
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