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please show steps 5. Suppose you have the following Loans/Investments, your income tax rate is 30% and the credit card can be tax deducted, while

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5. Suppose you have the following Loans/Investments, your income tax rate is 30% and the credit card can be tax deducted, while you need to pay taxes on the money market fund. Credit Card 10.50% APR (Monthly Compounding) Automobile Loan 5.10% APR (Monthly Compounding) Home Equity Loan 6.45% APR (Monthly Compounding) Money Market Fund 6.20% EAR a. Calculate the afer-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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