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Set Homework: Unit 2: Chapters 3 and 4 Score: 0.25 of 1 pt B8 of 89 (47 complete) % 4.D.45 Suppose you have a student
Set Homework: Unit 2: Chapters 3 and 4 Score: 0.25 of 1 pt B8 of 89 (47 complete) % 4.D.45 Suppose you have a student loan of $25,000 with an APR of 9% for 30 years. Complete parts (a) through (c) below. a What are your required monthly payments? The required monthly payment is $201.16 Do not round until the final answer. Then round to the nearest cont as needed) b. Suppose you would like to pay the loan off in 15 years instead of 30 What monthly payments will you need to make? The monthly payment required to pay off the loan in 15 years instead of 30 is $ Succes (Do not round until the final answer, Then round to the nearest cent as needed.) inter anual th d Reso Succes ble Resa Enter your answer in the answer box and then click Check Answer. Question Viewer 1 part remaining Clear All RI 14 >> - $ 2 3 % 5 6 & 7 8 9 W E R T Y U
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