1. You are currently paying $300 in interest on your credit cards annually. If, instead of...

1. You are currently paying $300 in interest on your credit cards annually. If, instead of paying interest, you saved this amount every year, how much would you accumulate in a tax-deferred account earning 7% over the next 10 years?

2.

What is the monthly payment for a $146500 thirty-year mortgage at 5% APR?

Expert Solution

solved using financial formula as well as excel

jeff jeffy answered 2 hours ago

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