MY NOTES PRACTICE ANOTHER (-/1 Points) DETAILS HARMATHAP126.5.039. This problem is a complex financial problem that requires several skills, perhaps some from previous sections During four years of college, Nolan MacGregor's student loans are 4.000, $3,500, $4,400, and 35,000 for trest as your through senior year, respectively. Each an amountament compounded quarterly, while Nolan is in school and 4%, compounded quarterly during 26-month grace period after graduation () What is the loan balance in dollars) afar the grace period? Asume the freshman year ban cats interest for your uning the first year, men for all your store similar assumptions for the loans for the other years, Round your answer to the nearest cent.) (b) After the grace period, the loan is avotired over the next 10 years at compounded quarterly in the quanty payme (in dotars. Round your answer is the nearestant (c) If Nolan decides to pay an additional 50 per payment, how many payments will amorto the det? Round your newer te wees) payments What amount in dollar) should be added to the last payment to pay the loan Round your answer to the nearest) 5 (a) How much will Nolan save (in dollar) by paying the extra with payment (Round you to the rest.) Need Help? CAMOUR WYNOTES (Points DETAILS HARMATHAP12 6.5.039. MY NOTES PRACTICE ANOTHER This problem is a complex financial problem that requires several sidis, perhaps me from previous sections, During four years of college, Nolan MacGregor's student loans are 14,000 $3,500, 54,400, and $5,000 for freshman year through senior yeat respectively. Each out there compounded quarterly, while olan is in school and 4%, compounded quarterly, during a 6-month grace period after graduation (a) What is the loan balance in dollars) after the grace period? Assurse the freshman year on earns 24 interest for 3/4 year during the first year then for similar assumptions for the loans for the other years, (Round your answer to the nearest cent.) (b) After the grate period, the toon is amortired over the next 10 years at 4m, compounded quarterly, Piid the carter payment in der er pour armer the meant core) (af Nolan dicions to pay an additional sco per payment, how many payments will amortize the dest(ound your answer to the decinal pace) payments What amount in coltare) should be added to the last payment to pay the town in tune your answer to the nearest tot.) (9) How much will Nolan save in dollars) by paying the extres with each payment (Round your owwer to the recent) MY NOTES PRACTICE ANOTHER (-/1 Points) DETAILS HARMATHAP126.5.039. This problem is a complex financial problem that requires several skills, perhaps some from previous sections During four years of college, Nolan MacGregor's student loans are 4.000, $3,500, $4,400, and 35,000 for trest as your through senior year, respectively. Each an amountament compounded quarterly, while Nolan is in school and 4%, compounded quarterly during 26-month grace period after graduation () What is the loan balance in dollars) afar the grace period? Asume the freshman year ban cats interest for your uning the first year, men for all your store similar assumptions for the loans for the other years, Round your answer to the nearest cent.) (b) After the grace period, the loan is avotired over the next 10 years at compounded quarterly in the quanty payme (in dotars. Round your answer is the nearestant (c) If Nolan decides to pay an additional 50 per payment, how many payments will amorto the det? Round your newer te wees) payments What amount in dollar) should be added to the last payment to pay the loan Round your answer to the nearest) 5 (a) How much will Nolan save (in dollar) by paying the extra with payment (Round you to the rest.) Need Help? CAMOUR WYNOTES (Points DETAILS HARMATHAP12 6.5.039. MY NOTES PRACTICE ANOTHER This problem is a complex financial problem that requires several sidis, perhaps me from previous sections, During four years of college, Nolan MacGregor's student loans are 14,000 $3,500, 54,400, and $5,000 for freshman year through senior yeat respectively. Each out there compounded quarterly, while olan is in school and 4%, compounded quarterly, during a 6-month grace period after graduation (a) What is the loan balance in dollars) after the grace period? Assurse the freshman year on earns 24 interest for 3/4 year during the first year then for similar assumptions for the loans for the other years, (Round your answer to the nearest cent.) (b) After the grate period, the toon is amortired over the next 10 years at 4m, compounded quarterly, Piid the carter payment in der er pour armer the meant core) (af Nolan dicions to pay an additional sco per payment, how many payments will amortize the dest(ound your answer to the decinal pace) payments What amount in coltare) should be added to the last payment to pay the town in tune your answer to the nearest tot.) (9) How much will Nolan save in dollars) by paying the extres with each payment (Round your owwer to the recent)