Interest Savings. Judy has just received $12,351 as an inheritance from her uncle and is considering ways to use the money. Judy's car is one year old, and her monthly payment is $289. She owes 48 more payments. The amount to pay off the loan is $12,310. How much will Judy save in interest if she pays off her car loan now? If Judy pays off her car loan now, the amount she will save on interest is (Round to the nearest dollar.)Investment Decision. Judy has just received $15,700 as an inheritance from her uncle and is considering ways to use the money. Judy's car is one year old, and her monthly payment is $388. She owes 48 more payments. The amount to pay off the loan is $15,610. Judy will save $3,014 in interest if she pays off her car loan now. Judy is also considering investing the $15,700 in a certificate of deposit (CD). She is guaranteed a return of 4% on a four-year CD. How much would Judy earn from the CD? Which of the two alternatives offers the better return? (Note: Ignore any tax effect.) (Hint: you need to compute the interest rate on Judy's loan.) The amount of interest Judy would earn from the CD is $ (Round to the nearest dollar.)Investment Value. Judy recently used an inheritance from her uncle to pay off her car loan and now she must decide how she wants to invest the extra $4,416 per year that she budgeted for car payments. She decides to invest this additional amount in her employer-sponsored retirement plan. Currently, the plan is averaging a 13% annual return. Judy has 17 years until retirement. How much more money will she have at retirement if she invests this additional amount? (Hint: Assume that the account continues to earn 13% per year.) If she invests this additional amount, at retirement Judy will have an additional $ (Round to the nearest dollar.)Investment Value. Judy believes that another benefit of investing the extra $2,640 in her employer-sponsored retirement plan is the tax savings. Judy is in a 22% marginal tax bracket (when considering her federal and state taxes). How much will investing in this manner save her in taxes annually? Assuming she remains in a 22% marginal tax bracket until she retires, how much will it save her in total over the next 16 years, ignoring the time value of the tax savings? Judy's annual tax savings is $ (Round to the nearest dollar.)