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You have a student loan of 40,000$ that you want to repay in 10 years. Interest rates are at 6% per year for every maturity.
You have a student loan of 40,000$ that you want to repay in 10 years. Interest rates are at 6% per year for every maturity.
Assumingmonthly payments with monthly compounding, how much should you pay each month?
a.
444$
b.
333$
c.
346$
d.
476$
e.
512$
f.
574$
g.
313$
h.
499$
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