Write complete sentences that identily which person had the higher amount and by how much. Round onswers to two decimal plones.

a$.$ Who had more money in their retirement account whet they planned to retine? How much mone? $(4$ pt$)$

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b$.$ Who conitributed more to their retinement account? How much more?

$(4$ pt$)$Compare the $15-$vear loan to the plan to pay off the loan in $10$ years instead. Answer in complete sentences

a$.$ Which plan will allow Morgan to pery lers per month? Mow rnuch fess?

$(3$ pt$)$

wrocn pan win anow Morgan to pay less overnll? How much less?

$(3$ pt$)$Morgan decides to pay more than the required minimum montly amount for their loan to pay off the loan fastec. They want to have the loan paid in full after $10$ years. lound answers to no decimgl ploces.

a$.$ Assuming all the same conditions of the orginal thadent loan, what would Morgan's new monthly payment need to be if they wanted to pary off the loan in $10$ yean?

$(3$ pt$)$

b$.$ What is the total amount Morgan will pay if they pay off the loan in $10$ years?

$18$ Fy

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c$.$ Wha the $10-$yrar loan, how much will Morgan pery in intenet??

$1$ pryMorgan recently graduated college with their degree and owes $($d$)$ $$29,470$ in student loans with an APR of $5\mathrm{.}8\%$ compounded monthly. They are expected to pay oft the foan in $15$ years. Alound answers to hwo decimal ploces.

a$.$ Under the current terms of their loan, what is Morgan's minimum monthly payment?

$(3$pe$)$

b$.$ What is the total amount Morgan will pay when the loan is complete?

$(4$ pt$)$

$\frac{14}{21\mathrm{.}80}$Both men purchased a $($c$)$ $$35,439$car. Who spent more of their own money for the car and by how much? Round te hwe decinol plocors.

fit mat

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Schlaak, N$.$ Wahle $2021.$ This content is protected and may not be shared, uploaded or distributed.

Wow may not ask for help from others or give help to othen on specific project questions. Part $3$: Student Loans

$7.$ Morgan recently erochused colsge with ther degree and owes $($d$)$ $$29,470$ in student loans with an Aph of $5\mathrm{.}8k$ compounded monthly. They are expected to pay off the loan in $15$ yeark. Round anuwen to twe decimal ploces.