Susie just got hired at a new job that pays her $ 5 , 0 0 0

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Question:

Susie just got hired at a new job that pays her $

5, 000

a month. She has student loan debt of $

10, 000

and her monthly expenses total $

800

including rent. The student loan that she took out has an interest rate of

3.25 %

compounded monthly.

.

How long will it take Susie to pay off her loans assuming she makes the maximum possible monthly payment?

.

What is the net generation? Why?

Related Book For answer-question

Principles Of Economics

ISBN: 9781319330156,9781319419769

2nd Edition

Authors: Betsey Stevenson, Justin Wolfers

See More Books

Posted Date: Mar 18, 2024 02:04 AM

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Susie just got hired at a new job that pays her $ 5 , 0 0 0

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Principles Of Economics

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