Suppose that you owe 10000 when you graduate from uwm your, Ask an Expert

Economics

Suppose that you owe $10,000 when you graduate from UWM. Your Federal Stafford loan has an annual interest rate of 4.5%. If you want to pay back the entirety of your loan in ten years, what would be your total payment per month? (hint: don’t forget to change the annual rate to a monthly rate for your calculation). Please Show your work

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91829194

Have any Question?Write your Review or question?

Related Questions in Business Economics

How does the percent below poverty level compare to the

How does the "percent below poverty level" compare to the national rate? What factors are causing your county poverty rate to differ from (or equal) the national poverty rate?

Case a motivationas the provincial manager for a financial

Case A Motivation As the Provincial Manager for a financial services firm, you are well regarded within your company and especially by many of the 82 employees who work within your division. Due to a downturn in business ...

Consider the tableage group 18-29 30-39 40-49 50-59 60-69

Consider the table Age group 18-29 30-39 40-49 50-59 60-69 70 and over Frequency 9831, 7845, 6869, 6323, 5410, 5279 What is the probability that the next person chosen will be in the 40-49 or 50-59 age groups?

Singapore is among the most open trading economy by global

Singapore is among the most open trading economy by global standards because of its lack of natural resources and consequently has to design its trade policies for both imports and exports accordingly. Discuss its succes ...

With smaller companies saving thousands and larger

With smaller companies saving thousands and larger companies saving billions through flexible manufacturing, if you are a discrete parts manufacturer seeking to be more lean, it is important to consider whether this migh ...

A random sample of 87 eighth grade students scores on a

A random sample of 87 eighth grade? students' scores on a national mathematics assessment test has a mean score of 278. This test result prompts a state school administrator to declare that the mean score for the? state' ...

A light bulb manufacturer guarantees that the mean life of

A light bulb manufacturer guarantees that the mean life of a certain type of light bulb is at least 720 hours. A random sample of 51 light bulbs as a mean of 710.3 hours with a standard deviation of 62 hours. At an α=0.0 ...

1 describe using pseudocode as described in class an

1. Describe using pseudocode as described in class an algorithm that takes a list of n integers a1, a2, ..., an, and finds the average of all negative integers in the list. Be sure to initialize the variables. 2. The bub ...

Imagine an election with just two candidates candidate a

Imagine an election with just two candidates. Candidate A asks her consultant to conduct a poll to see if she (Candidate A) is leading. What is the "null hypothesis" value that is being "tested" in this example? Your an ...

Suppose another variable x is continuous and its pdf isfx

Suppose another variable X is continuous and its pdf is: f(x)= (x^3 + x^2 - 2/3x + .75) 0 For this question, you may take our word that f(x) is greater than or equal to zero for all values of x in the domain. Prove th ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert