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Question 4 Incorrect Mark 0.0 out of 1.0 P Flag question Sandy Nguyen just graduated from college and has $30,000 in student loans. The loans
Question 4 Incorrect Mark 0.0 out of 1.0 P Flag question Sandy Nguyen just graduated from college and has $30,000 in student loans. The loans bear interest at a rate of 10% and require quarterly payments. a. What amount should Sandy pay each quarter if she wishes to pay off her student loans in six years? Use Excel or a financial calculator for the computations. Round your answer to the nearest dollar. $ 2,214 x b. Sandy can only afford to pay $1,500 per quarter. How long will it take Sandy to repay these loans? Use Excel or a financial calculator for the computations. Round the number of years to the nearest whole number. 0 x years
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