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You estimate that you will have $24,500 in student loans by the time you graduate. The interest rate is 6.5 percent. If you want to
You estimate that you will have $24,500 in student loans by the time you graduate. The interest rate is 6.5 percent. If you want to have this debt paid in full within five years, how much must you pay each month? a. $471.30 b. $473.65 c. $476.79 d. $479.37 e. $480.40 24500 = P ( 1 - (1 + 0.065/12) / 0.065/12)^-5*12 P = 24500 / 51.108680 P = 479.37 $ d. $479.37 Can I get some help on how the get the 51.108680
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