A graduating college student owes $30,775 for a student loan. The loan charges an APR of 5.5%. What is the monthly payment required to pay off this loan in 13 years? Use two decimal place accuracy.
A graduating college student owes $30,775 for a student loan. The loan charges an APR of 5.5%. What is the monthly payment required to pay off this loan in 13 years? Use two decimal place accuracy.
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 16E
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A graduating college student owes $30,775 for a student loan. The loan charges an APR of 5.5%. What is the monthly payment required to pay off this loan in 13 years? Use two decimal place accuracy.
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