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Essay Details:
Essay text:
Investment.
A. After 12 months of making extra payments, what will be the loan balance?
It is the loan balance - current payment ? additional payment x .06% x 12 months
The loan balance is $133,249.29
B. After 12 months of making the regular payment and investing the $50, what will be the loan balance?
It is the loan balance ? current payment x .06% x 12 months
The loan balance is $133,871.79
C. Under the regular payment and investing option, excluding the tax due on the interest earned, what is the investment balance after 12 months?
Current payment+0.06% x 0.08%
The investment balance is $623...
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