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o Investment Decision. Judy has just received $13,078 as an inheritance from her uncle and is considering ways to use the money Judy's car is

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o Investment Decision. Judy has just received $13,078 as an inheritance from her uncle and is considering ways to use the money Judy's car is one year old, and her monday payments $317. She owns 48 more payments. The amount to pay off the loan is $13,000. Judy will save $2.216 in interest # she pays off her car loan now. Judy is also considering investing the $13.078 in a certificate of deposit (CD) She is guaranteed a return of 3% on a four-yoor CD. How much would Judy oam from the CD? Which of the two alteratives offers the border retum (Note:Ignore any tax effect) (Mint you need to compute the interest rate on Judy's loan.) The amount of interest Judy would eam from the CD is $(Round to the nearest dollar) Judy should (Select from the drop down menu) pay off the car loan invest in the CD Enter your answer in the swer box

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