You receive a 10-year unsubsidized student loan of $17,000 at an annual interest rate of 6.6%....
You receive a 10-year unsubsidized student loan of $17,000 at an annual interest rate of 6.6%. What are your monthly loan payments for this loan after you graduate in 4 years? (Round your answer to the nearest cent.)
Homework Answers
![Loan in 4 years = $ 22,120.17 [ 17000 x 1.0055-48] Monthly payment = pmt = = Loan amount = [(1-(1/(1+r^n)}/r] 22120.17 = [(1-](http://img.homeworklib.com/questions/4cfe4d00-c48d-11eb-bdae-19c8b584fd3e.png?x-oss-process=image/resize,w_560)
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You receive a 10-year unsubsidized student loan of $17,000 at an
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nearest cent.)
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annual interest rate of 5.875%. Determine her monthly payment on
the loan after she graduates in 3 years. (Round your answer to the
nearest cent.)
Lois received a 9-year subsidized student loan of $35,000 at an annual interest rate of 5.875%. Determine her monthly payment on the loan after she graduates in 3 years. (Round your answer to the nearest cent.)
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