Problemyou estimate that you will owe 45300 in student, Ask an Expert

Accounting

Problem:

You estimate that you will owe $45,300 in student loans by the time you graduate. The interest rate is 4.25 percent.

Required:

Question: If you want to have this debt paid in full within ten years, how much must you pay each month?

$411.09
$464.04
$514.28
$536.05
$542.50

Note: Please show how to work it out.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91173626

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