You and a friend want go on a bike trek through France. Your friend wants to invest

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You and a friend want go on a bike trek through France. Your friend wants to invest $200 a month for four years in a money market account that is earning 4%. You would prefer to go now, taking out a loan for $10,000 at 11% and paying it off over the next four years. If inflation runs at 2% for the next four years, what is the true difference in cost between the two options?

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Personal Finance Building Your Future

ISBN: 978-0073530659

1st edition

Authors: Robert B. Walker, Kristy P. Walker

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