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1. You have to repay your student loan with a balance of $30,000. It will be paid off over 10 years and has an annual

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1. You have to repay your student loan with a balance of $30,000. It will be paid off over 10 years and has an annual interest of 9%. What is the monthly payment needed if you start your payments at the end of the month? 2. What will JG Wentworth give you today if he wants to make a 15% return for an inheritance of $250,000 you will get in 9 years? (You will be selling your inheritance in the future for money today.) 3. What is the annual rate on a loan balance of $40,000, term of 15 years and a monthly payment of 500? 4. How much would you have if you put $300 at the end of each month into your 401(k) for the next 25 years and you 401(k) balance is currently $100,000 and you earn a 6% annual return? 5. How long will it take you to accumulate 400,000 if you invest $10,000 at the beginning of each year and earn 7%

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