Question
n 2013,students graduating with a four-year degree from East Carolina University owed an average of $28,312 in student loan debt. Suppose that you have student
n 2013,students graduating with a four-year degree from East Carolina University owed an average of $28,312 in student loan debt. Suppose that you have student loans totaling $28,312 when you graduate from college. The interest rate is 11.99% APR and the loan term is 10 years.
b. Determine the total paid over the life of the loan.Round your answer to the nearest dollar.
- Total paid:
c.Determine the interest paid over the life of the loan.Round your answer to the nearest dollar.
- Interest:
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Elementary Number Theory
Authors: Gove Effinger, Gary L Mullen
1st Edition
1000427129, 9781000427127
