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5 July, 09:38

Financial Decision. You have a $7,000 balance on your car loan at 11% interest. Your favorite aunt has just left you $10,000 in her will. You decided to pay off the car loan and invest the difference. Now you no longer have a $350 per month car payment. Suggest some ways you might use these additional funds.

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  1. 5 July, 09:55
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    Answer: any of the above (put an additional $350 per month toward a retirement plan ... use the $350 to pay off a personal loan ... Invest the $350 per month in mutual funds
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