Question: 4. You decide to discuss a more complex plan with Jake. You propose that he start investing now by using the extended repayment option on

4. You decide to discuss a more complex plan with Jake. You propose that he start investing now by using the "extended repayment" option on his student loans and use the monthly savings to start his retirement savings immediately. Analyze this decision for Jake. a. Calculate how much Jake will have in his retirement account if he invests the difference between the monthly payments for the 10-year repayment and 20-year repayment plan (that you calculated in case assignment #1) in his 401(k) for 41 years and 9.5% interest. b. Compare the value in his retirement account (from #4a) to the total cost of extending the term of

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