Nathan just graduated from college with a student loan balance of $25,000 Assume his interest rate is 3 percent How long will it take him to pay off the debt if he pays $300 per month How much must he pay per month if he wants to pay off his debt in 4 years

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Nathan just graduated from college with a student loan balance of $25,000. Assume his interest rate is 3 percent. How long will it take him

Nathan just graduated from college with a student loan balance of $25,000. Assume his interest rate is 3 percent.

How long will it take him to pay off the debt if he pays $300 per month?
How much must he pay per month if he wants to pay off his debt in 4 years?

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