Question 25 Not yet answered Marked out of 1.00 Flag question You've just received an offer from a bank for a credit card with a quoted rate, or APR, of 18 percent compounded monthly. The EAR, or effective annual rate, on the credit card is Select one: a. 1.19 b. 1.09 c. 0.195 Question 26 Not yet answered Marked out of 1.00 Flag question You know that you will need $40,000 for your child's education in 18 years. If your account earns 4% compounded quarterly, how much would you need to deposit now to reach your goal? Select one: a. 28800$ b. 19539.84$ C. 80000$ d. 68800$