Janice has graduated with a masters degree in Business and has her dream job lined up. Their
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Question:
- Janice has graduated with a master’s degree in Business and has her dream job lined up. Their schooling unfortunately left them with a $53000 student loan.
- (2 pts) Assuming Janice is given 20 years for repayment of their student loan at 3.8% APR, how much will their monthly payments be?
- (2 pts) How much will they have paid on the loan after 20 years?
- (2 pts) How much interest will they have paid after 20 years?
- (2 pts) How much will they have left on their loan after 8 years?
Related Book For
South Western Federal Taxation 2015
ISBN: 9781305310810
38th Edition
Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young
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