1. Suppose the remaining principal of your student loan is $33,760 and the remaining payoff time is 15 years at the 7.5% rate. What is the total amount of the student loan you will pay back after the remaining 15 years?
Invest Your Inheritance?
2. Determine how much your savings account will be worth in 25 years if you invest your $40,000 into a high yield savings account that pays 2.8% annually.
