You are considering two ways of financing a spring break vacation. You could put it on your credit card, at 15% APR, conpounded monthy, or bontow she money from your parents, whio want an ifierest payment of 6% every sia months. Which is the lower fate? (Note: Eio carefur not to round any hitermediate stops ioss than sir decimal places.) The etloctive annual rale for yeur credit card is 16.082 \%) (Reond to two decimal places.) The elfective amoua rate for the loan from your parens is (Rtound io two decimal pares.) You are thinking about investing $4,732 in your friend's landscaping business, Even though you know the investment is risky and you can't be sure, you expect your investment to be worth $5,636 next year, You notice that the rate for one-year Treasury bills is 1%. However, you feel that other investments of equal nsk to your friend's landscape business offer an expected retum of 98 for the year. What should you do? The present value of the return is 5 (Round to the nearest cent.)