Question: Selina has $ 3 0 , 0 0 0 in student - loan debt at the end of her college career. The interest rate on

Selina has $30,000 in student-loan debt at the end of her college career. The interest rate on this debt is 0.5% per month. If monthly payments on this loan are $579.98, how many months will it take for Selina to repay her entire loan?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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!