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my answers are wrong. Suppose you lend $21,000 to a friend at an APR of 9.10%. Your friend will pay you back beginning next month

my answers are wrong.

Suppose you lend $21,000 to a friend at an APR of 9.10%. Your friend will pay you back beginning next month with 36 monthly installments. You can reinvest the payments you receive in your money market account at an APR of 3.70%, calculated monthly. a. How much will your friend pay you each month? 209.02 b. How much will you have in your account at the end of 36 months? (to nearest $) 77801 c. What is your effective annual retum (EAR)

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