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Question Help Investment Decision. Judy has just received $13,565 as an Inheritance from her uncle and is considering ways to use the money. Judy's car

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Question Help Investment Decision. Judy has just received $13,565 as an Inheritance from her uncle and is considering ways to use the money. Judy's car is one year old, and her monthly payment is $317. She owes 48 more payments. The amount to pay off the loan is $13,480. Judy will save $1,736 in interest if she pays off her car loan now Judy is also considering investing the $13,565 in a certificate of deposit (CD). She is guaranteed a return of 4% on a four-year CD. How much would Judy earn from the CD? Which of the two alternatives offers the better return? (Note: Ignore any tax offect.) (Hint: you need to compute the interest rate on Judy loan) The amount of interest Judy would eam from the CD is $ (Round to the nearest dollar)

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