Question
students borrow $75000 loans at 8.5% interest rate. Students want to pay off in 15 years but want to make sure the yearly payments don't
students borrow $75000 loans at 8.5% interest rate. Students want to pay off in 15 years but want to make sure the yearly payments don't exceed 7 % of gross annual salary.
provide annual loan payment.
minimum annual salary to accomplish the goal
need a loan amortization of schedule
Provide a loan amortization schedule.
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
14th edition
978-1305887725, 1305887727, 1305636619, 978-1305636613
