A college student has 55000 in student-loan debt at the end, Ask an Expert

Economics

A college student has $55,000 in student-loan debt at the end of her senior year. The interest rate on this debt is 0.5% per month. If monthly payments on this loan are $913, how many months will it take for her to repay the entire loan? The first payment will start one month after her graduation.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91995437

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