Question
Juanita borrowed $40,000 from student loan to pay her university education. She needs to pay this amount back in 10 years after her graduation, the
Juanita borrowed $40,000 from student loan to pay her university education. She needs to pay this amount back in 10 years after her graduation, the interest rate is 6% per year compounded monthly, how much money does Juanita need to pay each month after graduation?
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Introduction To Estimating Economic Models
Authors: Atsushi Maki
1st Edition
0415589878, 978-0415589871
