Suppose you borrow $10,000 through a student loan program at an interest rate of 4 compound annual interest The payments are deferred for four years, after which you must make six equal annual payments a What size payments are needed $2232 09 b How much of the 1st payment is interest $2166 53 Supp...

To calculate the size of the payments and the amount of interest in the first payment we can use the ...

Suppose you borrow $10,000 through a student loan program at an interest rate of 4% compound...

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Suppose you borrow $10,000 through a student loan program at an interest rate of 4% compound...

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