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Business Finance Save Homework: Chapter 6 Homework educ Score: 0 of 1 pt 4 of 6 (3 complete) HW Score: 57.14... ret P6-7 (similar to)
Business Finance Save Homework: Chapter 6 Homework educ Score: 0 of 1 pt 4 of 6 (3 complete) HW Score: 57.14... ret P6-7 (similar to) Question Help (Annuity payments) To pay for your education, you've taken out $30,000 in student loans. If you make monthly payments over 14 years at 9 percent compounded monthly, how much are your monthly student loan payments? you The monthly payment of your student loan is $ (Round to the nearest cent.) ly stud }}/0.00 MUITIEVU. IldpleI UTIUITIEWUIK Save edu Score: 0 of 1 pt 6 of 6 (3 complete) HW Score: 57.14... le P6-21 (similar to) Question Help (Annuity number of periods) You've just bought a new flat-screen TV for $3,400 and the store you bought it from offers to let you finance the entire purchase at an annual rate of 13 percent compounded monthly. If you take the financing and make monthly payments of $140, how long will it take to pay off the loan? How much will you pay in interest over the life of the loan? you y stu a. The number of years it will take to pay off the loan is place.) years. (Round to one decimal }}/0.0
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