Let's again apply the financial intelligence into the real world, and continue the topic of last week.
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Question:
If you receive a bonus this year, you have two choices (1) you can use the money to make prepayments of mortgage loans; or (2) you can invest in your brokerage or retirement account, say 401K or Roth IRA? Which one are you going to take? Assume mortgage rate is 3.2% and average market return is 6%?
Related Book For
Auditing a risk based approach to conducting a quality audit
ISBN: 978-1133939153
9th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
Posted Date: