Question
Assume that a student graduates from college with $20,000 in student loans. If the interest rate is fixed at 4.80% APR with monthly compounding
Assume that a student graduates from college with $20,000 in student loans. If the interest rate is fixed at 4.80% APR with monthly compounding and the student will repay the loans over a 15- year period, what will be the monthly payment?
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
7th edition
978-0133856507, 013385650X, 133856437, 978-0133856439
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