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Investment Decision. Judy has just received $10,730 as an inheritance from her uncle and is considering ways to use the money Judy's car is one

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Investment Decision. Judy has just received $10,730 as an inheritance from her uncle and is considering ways to use the money Judy's car is one year old, and her monthly payment is $251. She owes 48 more payments. The amount to pay off the loan is $10,690. Judy will save $1,358 in interest if she pays off her car loan now. Judy is also considering investing the $10,730 in a certificate of deposit (CD). She is guaranteed a return of 4% on a four-year CD. How much would Judy earn from the CD? Which of the two alternatives offers the better return? (Note: Ignore any tax affect.) (Hint you need to compute the interest rate on Judy's loan.) The amount of interest Judy would earn from the CD is $, (Round to the nearest dollar.) Judy should (Select from the drop-down menu.)

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