Question
What is the total amount you will have to repay for your $27,000 student loan if the interest rate is 3% APR with monthly compounding
What is the total amount you will have to repay for your $27,000 student loan if the interest rate is 3% APR with monthly compounding and you pay equal monthly payments over the 10 year life of the loan?
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Bankers Handbook On Credit Management
Authors: Indian Institute Of Banking & Finance
1st Edition
9387957853, 978-9387957855
