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you have just completed your four -year degree at southwest Minnesota state university your student loans that you have accumulated while studying at sums total
you have just completed your four -year degree at southwest Minnesota state university your student loans that you have accumulated while studying at sums total $25000. since you have graduated, you must now begin repaying these student loans. the loan's annual interest rate is six percent (6%) and it requires four equal end -o-year payments.
- set up an amortization schedule that shows the annual payments, interest payments, principal repayments, and beginning and ending loan balances.
- what is the total amount that you will reprover this four-year period ( principal +interest ) ?
a. what portion or percentage are the total '' interests payments '' of the initial loan value of $25000
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