To pay for your education, you've taken out $28 comma 00028,000 in student loans. If you make monthly payments over 1212 years at 55 percent compounded monthly, how much are your monthly student loan payments?
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To pay for your education, you've taken out
in student loans. If you make monthly payments over
years at
percent compounded monthly, how much are your monthly student loan payments?
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- (Annuity payments) To pay for your education, you've taken out $21,000 in student loans. If you make monthly payments over 13 years at 6 percent compounded monthly, how much are your monthly student loan payments? The monthly payment of your student loan is $ nearest cent.) (Round to theTo pay for your education, you've taken out $91,000 in student loans. If you make monthly payments over 10 years at 5% APR interest compounded monthly, how much are your monthly student loan payments? Your Answer:To pay for your education, you've taken out $28 comma 00028,000 in student loans. If you make monthly payments over 1212 years at 55 percent compounded monthly, how much are your monthly student loan payments?
- You will pay a tuition cost of $50,000/year for 4 years and the first payment is due yearend. If the account pays 6% compounded annually, what is the deposit today? A. 158,419 B. 173,255C. 200,000A family is saving for their child's education. They want to have $80,000 eighteen years from now . a.) How much do they need to deposit each month into an account earning 7.2% interest compounded monthly? b.) What is the interest earned on the account?Suppose that you take out an unsubsidized Stafford loan on September 1 before your junior year for $45004500 and plan to begin paying it back on December 1 after graduation and grace period 27 months later. The interest rate is 6.8%. How much of what you will owe will be interest?$Round your answer to the nearest cent.
- You need to accumulate $92000 for your child's college education 19 years from now. How much do you need to save each year if you can earn 4 percent after taxes on your investment, assuming that you will make annual end-of-year payments into the account? O $2461.28 O $3324.75 O $3012.54 O $2725.12You estimate that you will have $30,000 in student loans by the time you graduate. The interest rate is 5 percent, compounded monthly. If you want to have this debt paid in full within five years, how much must you pay each month? (Hint: Compute the payment of annuity) Group of answer choices $429.30 $566.14 S628.12 $644.29You've been awarded a scholarship that pays $220 a month for 5 years while you are in college. At a 5 percent annual discount rate with monthly compounding, what are these payments worth to you when you first start college? Assume the first payment will be received at the end of the month. O $11,657.96 O $13,200.00 O $11,427.96 $11,938.96 O $10,365.00
- Now that you are finished school, you also have to start paying back your student loans. You borrowed a total of $ 12,500. You plan to pay back the loan over 10 years at an interest rate of 9.4% interest, compounded monthly. How much will your monthly payments be?Abby Ellen wants to attend Ithaca College. She will need $75,000 6 years from today. Assume Abby's bank pays 6% interest compounded semi-annually. What must Abby deposit today to have $75,000 in 6 years?your bank also requires that the monthly mortgage payments include properety tax and homeowners insurance payments. if the property tax is 1,710 per year and the properety insurance is 1458 per year for (PITI) what is the total monthly payment in $?