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3. Sasha has a credit card balance of $10,000. The annual effective interest rate on the credit card is 15%. Sasha takes out a home

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3. Sasha has a credit card balance of $10,000. The annual effective interest rate on the credit card is 15%. Sasha takes out a home equity loan to pay off her credit card balance. The interest rate on the home equity loan is 5%. Assuming that the loan is paid in full 18 months from now, and ignoring taxes, how much money does this strategy save Sasha

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