Order the answer to: a. Jeeter owes $1,000 on his student loan. The debt

Assignment Help business economics Order the answer to: a. Jeeter owes $1,000 on his student loan. The debt

business economics

Order the answer to: a. Jeeter owes $1,000 on his student loan. The debt

Question a. Jeeter owes $1,000 on his student loan. The debt is growing at the market interest rate of 10%. Jeeter would like to pay off the loan now, but the bank will not allow him to do so until 5 years from now. What strategy can Jeeter follow that is equivalent to paying off the loan today? b. Jeeter is also concerned about his share of the national debt, which he reckons to be $10,000. He wishes that the government would just tax him today and pay off the debt so that the accumulation of interest will not cause him to have to pay even more tomorrow. What would you suggest that Jeeter do?
Subject business economics
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