Question
You have a student loan debt of $39400. You do not plan to take any more debt, but will not be able to pay off
You have a student loan debt of $39400. You do not plan to take any more debt, but will not be able to pay off this debt for 3 years. The debt is accruing interest at 3% per year. How much debt will you have in 3 years when you begin to pay it off?
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International Financial Management
Authors: Jeff Madura
3rd Edition
0314862722, 978-0314862723
