Question: Question 31 (0.5 points) What is the total amount you will have to repay for your $37,000 student loan if the interest rate is 4%

Question 31 (0.5 points)

What is the total amount you will have to repay for your $37,000 student loan if the interest rate is 4% APR with monthly compounding and you pay equal monthly payments over the 10 year life of the loan?

Question 32 (0.5 points)

You invested $5500 of your own money and borrowed $5500 from your broker to purchase shares of a company trading at a share price of $2. You paid 10% interest on your borrowed money for one year. You sold the stock one year later for $1.33. How much money in total did you lose on this transaction including the interest you paid?

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