Question
You are considering taking a student loan for $15,000.00 that will be paid back 12 years at 5.8% compounded monthly, and will make monthly payments
You are considering taking a student loan for $15,000.00 that will be paid back 12 years at 5.8% compounded monthly, and will make monthly payments of $144.83. (Round all answers to 2 decimal places.) What is the unpaid balance after 13 months?
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Monetary Policy Strategy
Authors: Frederic S. Mishkin
1st Edition
0262513374, 978-0262513371
