Question
To pay for your education, you've taken out $27,000 in student loans. If you make monthly payments over 16 years at 7 percent compounded monthly,
To pay for your education, you've taken out $27,000 in student loans. If you make monthly payments over 16 years at 7 percent compounded monthly, how much are your monthly student loan payments?
The monthly payment of your student loan is $
How long will it take to pay off a loan of $53,000 at an annual rate of 11 percent compounded monthly if you make monthly payments of $600? Use five decimal places for the monthly percentage rate in your calculations.
The number of years it takes to pay off the loan is ? years.
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The Essential Nonprofit Fundraising Handbook
Authors: Michael A. Sand, Linda Lysakowski
1st Edition
1601630727, 978-1601630728
