Taylor took out a student loan for $69,000 and agreed to pay it off with monthly payments over 4 years at 5.9% interest rate compounded monthly. This made her monthly payments $1617.31. How much will Taylor end up paying in interest?
Taylor took out a student loan for $69,000 and agreed to pay it off with monthly payments over 4 years at 5.9% interest rate compounded monthly. This made her monthly payments $1617.31. How much will Taylor end up paying in interest?
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 29RE: Alejandro deposits $80 of his monthly earnings into an annuity that earns 6.25% annual interest,...
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Taylor took out a student loan for $69,000 and agreed to pay it off with monthly payments over 4 years at 5.9% interest rate compounded monthly. This made her monthly payments $1617.31. How much will Taylor end up paying in interest?
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