Question
If your monthly student loan repayment is $804.11, and you are repaying the loan via standard repayment at 3.9% APR, how much did you borrow?
If your monthly student loan repayment is $804.11, and you are repaying the loan via standard repayment at 3.9% APR, how much did you borrow? Round your final answer to the nearest dollar. The loan is subsidized.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To find out how much you borrowed we can use the formula for calculating the monthly payment on a lo...
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Horngrens Accounting
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
10th Canadian edition Volume 1
978-0134213101, 134213106, 133855376, 978-0133855371
