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Alice is buying a 27-inch iMac with Retina 5K display and she is deciding between two payment options: 1. II. Pay the full price $2,299.00

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Alice is buying a 27-inch iMac with Retina 5K display and she is deciding between two payment options: 1. II. Pay the full price $2,299.00 now Pay monthly payments of $120 for 24 months at the end of each month Alice can afford to choose either bption, but she wishes to choose one that is financially wise. Alice is currently investing all her savings in a mutual fund. 1. What would be the monthly interest rate that Alice will pay if she chooses option ii? (Complete the timeline and fill in the financial calculator inputs) 1 opt mutual fund monthly rate 3. Which option should Alice choose if her savings in the mutual fund grow at a monthly rate of 12%

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