Question: Repaying a Loan While Mary Corens was a student at the University of Tennessee, she borrowed $11,000 in student loans at an annuar internt rate

 Repaying a Loan While Mary Corens was a student at the

Repaying a Loan While Mary Corens was a student at the University of Tennessee, she borrowed $11,000 in student loans at an annuar internt rate of aw. If Mar mepan $1,600 per year, then how long (to the nearest year) will it take her to repay the loan? Do not round intermediate caleuiations. Raund yeur arswer io the nearest whole number. year(s)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

To solve this problem we need to calculate how many years it will take Mary to pay off her ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!