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Suppose you lend ?$46500 to a friend at an APR of 10.00?%. Your friend will pay...

Suppose you lend ?$46500 to a friend at an APR of 10.00?%. Your friend will pay you back beginning next month with 48 monthly installments. You can reinvest the payments you receive in your money market account at an APR of 1.40?%, calculated monthly.?

a. How much will your friend pay you each? month?

b. How much will you have in your account at the end of

48 months? (to nearest? $)??

c. What is your effective annual return? (EAR), _._? _%

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