Question
If I were to have$210,000in student loans.My bank charges 4%APR(compounded monthly).Suppose I can only afford to pay$1,000per month towards my student loans,calculate the number of
If I were to have$210,000in student loans.My bank charges 4%APR(compounded monthly).Suppose I can only afford to pay$1,000per month towards my student loans,calculate the number of months it will take to pay off my student loans.(Round up to the nearest whole number)
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
