My son Javier doesn't want to work in my small supermarket, he wants to go to university. We have agreed that I do not pay for his studies. He will make 4 loans at 5% annual interest, of 15,000 each at the beginning of each course. Javier starts his career, which lasts 4 years, next week, so I just gave him the first loan. 

How much will Javier owe me when he finishes his degree in 4 years?

Answer rating: 100% (QA)

To calculate how much Javier will owe you when he finishes his degree in 4 years we can use the form... View the full answer