Assume Brett owes $15,000 on his student loan and is paying it off at the rate required by the Government. The interest rate on this loan is 7% and he can receive 9.0% before tax on his investments. Assuming Bretts tax rate is 21% should he:

Select one:

a. pay off his loan as quickly as possible.

b. pay off his loan at the minimum amount required and invest surplus savings.

c. be indifferent to repaying debt promptly or at the minimum amount required.

d. B and C only.

e. A and C only.