o) Best Buy has a flat screen HDTV on sale for $1,995. If you could borrow that amount from Carl's Credit Union at 10% for 1 year, what would be your monthly loan payments? b) The lottery rules say that winners are to be paid $10 million in the form of 10 annual payments of 1 million each. Assuming that the interest rate is 10% and the payments are to be made at the end of each of the next 10 years, how much money does your lottery organisation have to deposit in an account today in order to make the required payments to a lottery winner? c) Your credit card statement says that you will be charged 1.12% interest a month on unpaid balances. What is the Effective Annual Rate (EAR) being charged