X D Question 9 15 pts You are comparing two credit cards to apply. Vaster Card charges you an APR of 23.6%, compounded monthly. Misa card charges you an APR of 23.5%, compared daily. Assuming 12 months in a year and 365 days in a year, which card should you get ? Part A: Identify the correct formula for identifying the effective interest of Master Card. Ba = [1+ mm -1 in = 1 + * * - 1 Oia Oiq = [1 + 2]m -1 Mel....exe e 71 F + 02:16 Po 2020/7/11X D Question 10 15 pts You are comparing two credit cards to apply. Vaster Card charges you an APR of 23.6%%, compounded monthly. Misa card charges you an APR of 23.5%, compared daily. Assuming 12 months in a year and 365 days in a year, which card should you get? Part B: Identify the correct variables for Misa O=23.5%, m = 365 Or= 23.6%, m = 365 Or= 23.5%, m =12 Or= 23.6%, m =12 lel....exe e 71 Q Q CO pen Po F + 02:21 2020/7/11D Question 12 You are comparing two credit cards to apply. Vaster Card charges you an APR of 23.6%, compounde Misa card charges you an APR of 23.5%, compared daily. Assuming 12 months in a year and 365 di which card should you get? Part D: Provide a statement to signify your choice in credit card. Support-LogMel..exe e 171 U 52 Q Q COL Po F + 02:22 2020/7/11X Jane Doe will be in graduate school for the next two years. She borrowed some money from the bank for her 2 pas graduate education, which the bank has accepted to be paid after Jane graduates from school in two years. The bank has accepted to the following payment plan: from the beginning of Year 3 (25) month) to the end of Year 4(48th month), pay $500 in month 25 and increase payment 5% every month thereafter. How much money should Jane Doe put aside each month (equal amount) for the first 24 months (during graduate school) such that she can pay the loan back after graduation? The bank charges an APR of 12%, compounded monthly. Part A: Select the appropriate Cash Flow Diagram for the above scenario O g = 5% r = 12% A1 = 500 t-LogMel....exe e (71 Q Q CO pen Po F 4 02:23 2020/7/11