Question
To pay for your education, you've taken out $26,000 in student loans. If you make monthly payments over 14 years at 8 percent compounded monthly,
To pay for your education, you've taken out $26,000 in student loans. If you make monthly payments over 14 years at 8 percent compounded monthly, how much are your monthly student loan payments?
The monthly payment of your student loan is:
$
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
3rd Edition
0324274319, 9780324274318
