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Mara Alcntara entered the Mexican University of Sciences and Arts to study a 12-semester degree with a semester tuition of 100,000. As financial aid, the
MarĂa Alcntara entered the Mexican University of Sciences and Arts to study a 12-semester degree with a semester tuition of 100,000. As financial aid, the student obtained a 30% scholarship and a 30% credit, which she will begin to pay one semester after finishing her degree in monthly payments for the same time that her studies lasted. If the student is assured an annual rate of 12% compounded monthly, tuition increases of 5%, and the tuition will be charged to the debt at the beginning of each semester, what is the amount of each monthly payment that she will have to pay after finishing the semester? grace period
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