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Remaining Time: 27 minutes, 07 seconds. Question Completion Status: Teresa wants to have $60,000 in an investment account 4 years from now. The account will
Remaining Time: 27 minutes, 07 seconds. Question Completion Status: Teresa wants to have $60,000 in an investment account 4 years from now. The account will pay 1 percent interest per month. If she saves money every month, starting one month from now, how much will she have to save each month? $835.72 o $1,088.40 o 5980.03 o $1,163.37 QUESTION 3 10 points Sav You are comparing two savings accounts. Account V has an APR of 1.66 percent and an EAR of 1.72 percent. Account W has an APR of 1.70 percent and an EAR of 1.70 percent. Given this, you should invest in account: o W because it has the higher APR. o W because it has the lower EAR. o V because it has the higher EAR. o V because it has the lower APR. QUESTION 4 10 points Save Ans Fun Decoration offers credit to customers at a rate of 1.2 percent per month. What is the effective annual rate (EAR) of this credit offer? O 12.00 percent 15.39 percent Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Answers Save and Sub
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