Assume her student loan will have an interest rate of 6 percent and her parents home equity

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Question:

Assume her student loan will have an interest rate of

6

percent and her parents

home equity line has a rate of

9.75

percent. If both loans have a

10 -

year maturity, what will her monthly payment be for each on a loan of $

6, 000,

ignoring any possible deferments?

Posted Date: May 18, 2024 11:11 AM

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Assume her student loan will have an interest rate of 6 percent and her parents home equity

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