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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. Assuming annual payments with annual compounding, how much should you pay each year? a. 5,862$ b. 5,555$ c. 4,011$ d. 5,435$ e. 2,402$ f. 5,226$ g. 4,000$ h. 6,510$
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