You have accumulated $1,800 and are looking for the best rate of return that can be earned over the next year. A bank savings account will pay 6%. A one-year bank certificate of deposit will pay 8%, but the minimum investment is $7800. Required: a. Calculate the amount of return you would earn if the $4.800 were invested for one year at 6% b. Calculate the net amount of return you would earn it $3,000 were borrowed at a cost of 16%, and then $7,800 were invested for one year at 8% c. Calculate the net rate of return on your investment of $4,800 if you accept the strategy of part b (Round your answer to 2 decimal places.) a 288 b Amount of retum Net amount of return Not rate of return 5 144 nces G