The table below displays the student loan balances for two college graduates in 2010 (the year of theirgraduation).2010Mr. Jones $6,400Ms. Smith $27,200Expand each part and complete the questions.Part 1 - Mr. JonesIn the 3 years since graduation, Mr. Jones' loan balance has decreased by 71.4%. Calculate thechange in his loan balance. Round your result to the nearest whole number and then complete thesentence below.Between 2010 and 2013, Mr. Jones' student loan balance ---Select--- by---Select---Part 2 - Ms. Smith

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Answered: The table below displays the student…

Economics Today and Tomorrow, Student Edition

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ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter6: Saving And Investing

Section6.1: Why Save?

Problem 6R

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The table below displays the student loan balances for two college graduates in 2010 (the year of their
graduation).
2010
Mr. Jones $6,400
Ms. Smith $27,200
Expand each part and complete the questions.
Part 1 - Mr. Jones
In the 3 years since graduation, Mr. Jones' loan balance has decreased by 71.4%. Calculate the
change in his loan balance. Round your result to the nearest whole number and then complete the
sentence below.
Between 2010 and 2013, Mr. Jones' student loan balance ---Select--- by
---Select---
Part 2 - Ms. Smith

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