What amount should Kahlah pay each month if she wishes to pay off her loans in 4

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What amount should Kahlah pay each month if she wishes to pay off her loans in 4 years?

Kahlah can only afford to pay $330 per month. How long will it take her to repay her loans?

Kahlah Copper just graduated from college and has $20,000 in student loans. The loans bear interest at a rate of 6% and require monthly payments.

Please solve and show workings using excel

Related Book For answer-question

Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

Posted Date: Feb 21, 2024 08:21 AM

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What amount should Kahlah pay each month if she wishes to pay off her loans in 4

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To calculate the monthly payment amount needed to pay off Kahlahs loans in 4 years we can use the fo... View the full answer

Principles of Finance

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