Question
9. Annuity Payment Amount . James will graduate with $50,000 in student loans and begin paying them back on a monthly basis at an annual
| 9. Annuity Payment Amount. James will graduate with $50,000 in student loans and begin paying them back on a monthly basis at an annual interest rate of 6% compounded monthly. |
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| 9.a. What will James monthly payment be assuming he pays his student loan off over 30years?
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| 5 |
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| Work:
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| 9.b. What will James monthly payment be assuming he pays his student loan off over 10years?
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| 5 |
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| Work:
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Principles Of Managerial Finance Brief
Authors: Chad J. Zutter, Scott B. Smart
8th Global Edition
1292267143, 978-1292267142
