Question
Suppose that I have a student loan of $30,000 with an APR of 12% for 30 years. a. What are my monthly payments---$ ? ROUND
Suppose that I have a student loan of $30,000 with an APR of 12% for 30 years.
a. What are my monthly payments---$ ? ROUND to the nearest CENT
b. Suppose that I want to pay the loan off in 15 years instead of 30. What would the monthly payments be then---$ ? ROUND to the nearest CENT
c. Total payments for the 30 year loan =
Total payments for the 15 year loan =
Don't need to be rounded
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Elementary Linear Algebra with Applications
Authors: Howard Anton, Chris Rorres
9th edition
471669598, 978-0471669593
