Question
After graduating with a master's degree, Victoria combined all of her student loans into a single loan of $30,000.00 with an interest rate of 3.2%
After graduating with a master's degree, Victoria combined all of her student loans into a single loan of $30,000.00 with an interest rate of 3.2% compounded quarterly. If she is planning to pay off the loan in 8 years, what will her quarterly payment be?
The quarterly payment would be $___ . (Round to 2 decimal places.)
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The Handbook Of Financing Growth
Authors: Kenneth H. Marks, Larry E. Robbins, Gonzalo Fernandez, John P. Funkhouser, D. L. Williams
2nd Edition
0470390158, 978-0470390153
