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What do you do with the money

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Reference no: EM131821714

Assume that you have a $200,000 mortgage that has a 5% interest rate and no penalty for early payment, a $15,000 car loan at 7% interest, $5,000 of credit card balances at 13% interest and some investments in the stock market that have been giving you 8% annual returns. You inherit $100,000. What do you do with the money?

Reference no: EM131821714

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