Ch9.2.j What would the monthly payments be on Add-On loan the ADD-ON loan. Ch9.2.k Compare the monthly add-on loan payments to the amortized loan payments. What is the difference between the loan payments? CH9.3 Loan Tracy is borrowing $9,000 on a five-year, Payments. 12 percent, add-on interest loan. What will Tracy's monthly payments be? CH9.4 Loan Sharon is considering the purchase of a Interest car. She will finance $15,500.00 and is offered two maturities. On a four-year loan, Sharon will pay $371.17 per month. On a five-year loan, Sharon's monthly payments will be $306.99. If How much money would Sharon save if the decides on the 4 year loan as compared to the five- year loan? CH9.5 Tax Last year Jamel and Cheryl borrowed Savings. $40,000 on a home equity line of credit against their home on May 1st. The interest rate on the loan is 5.75 %. John and Cheryl are in the 28 percent tax bracket. What will be their tax savings for the first year ending December 31st? CH9.6 Tax Savings. Chris has a 15 percent marginal tax rate. If he pays $1,600 in interest on a home equity loan in the first year, what will his tax savings be? Sub Total Extra Credit What is the opportunity cost of taking this