Ms. Tanner has just graduated from the University of Edmonton. She owed approximately $67,000 in student loans. She has 10 years to pay off her student loans, starting one year from now. The interest rate on her student loans is 8%. How much must Ms. Tanner pay each year?   Multiple Choice   $6,700.00   $12,558.75   $5,858.75   $4,624.98   $9,984.98

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Ms. Tanner has just graduated from the University of Edmonton. She owed approximately $67,000 in student loans. She has 10 years to pay off her student loans, starting one year from now. The interest rate on her student loans is 8%. How much must Ms. Tanner pay each year?

 

Multiple Choice
  •  
    $6,700.00
  •  
    $12,558.75
  •  
    $5,858.75
  •  
    $4,624.98
  •  
    $9,984.98
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