Upon graduation from college, Warren Roberge was able to defer payment on his $30,000 student loan...
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Upon graduation from college, Warren Roberge was able to defer payment on his $30,000 student loan for 6 months. Since the interest will no longer be paid on his behalf, it will be added to the principal until payments begin. If the interest is 6.93% compounded monthly, what will the principal amount be when he must begin repaying his loan? Upon graduation from college, Warren Roberge was able to defer payment on his $30,000 student loan for 6 months. Since the interest will no longer be paid on his behalf, it will be added to the principal until payments begin. If the interest is 6.93% compounded monthly, what will the principal amount be when he must begin repaying his loan?
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Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
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