Question 25 (1 point) What is the APR on a credit card if you make a minimum monthly payment of $25 and pay off your loan of $2,000 within 10 years? O 0.72% 5.08% 5.25% 8.69% Question 26 (1 point) What is the APR on a Dollar credit card that offers an EFF rate of 16.99% compounded monthly? 17.86% 18.38%. 15.79% 18.99% Question 27 (1 point) Your grandfather has offered you a choice of one of the three following alternatives: Alternative 1:$1,800 lump sum to be received in 5 years. Alternative 2:$300 at the end of each year for the next five years; or Alternative 3:$250 at the beginning of each of the next five years. Assuming you could earn 11 percent APR compounded annually, which alternative should you choose? Why? Hint: compare each alternative value at today value - 5 Alternative 3 which has the highest PV of $1,025.61 Alternative 1 which has the highest PV of $1,068.21 Alternative 2 which has the highest PV of $1,108.76 Alternative 3 which has the lowest PV of 1,025.61