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*please show excel formulas* 5. Suppose you have the following Loans/investments, your income tax rate is 2596 and the credit card can be tax deducted,

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*please show excel formulas*
5. Suppose you have the following Loans/investments, your income tax rate is 2596 and the credit card can be tax deducted, while you need to pay taxes on the money market fund. Credit Card Automobile Loan Home Equity Loan Money Market Fund 10.50% APR (Monthly Compounding) 5.10% APR (Monthly Compounding) 4.45% APR (Monthly Compounding) 6.20% EAR a. Calculate the after-tax EAR for all four instruments b. If you were thinking of going on a holiday and are free to choose among the four funding sources, which one would you pick? Explain

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