Question: Question 1 4 0 1 0 pts 5 ? 9 9 Details A student takes out a college loan of $ 4 0 0 0

Question 14
010 pts
5?99
Details
A student takes out a college loan of $4000 at an annual percentage rate of 4%, compounded monthly. a. If the student makes payments of $200 per month, how much, to the nearest dollar, does the student owe after 5 montha? Don't round until the end.
b. After how many months will the loan be paid off?
Question 1 4 0 1 0 pts 5 ? 9 9 Details A student

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