Upon graduation from college, Warren Roberge was able to defer payment on his $30,000 student loan...

 

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Upon graduation from college, Warren Roberge was able to defer payment on his $30,000 student loan for 6 months. Since the interest will no longer be paid on his behalf, it will be added to the principal until payments begin. If the interest is 6.93% compounded monthly, what will the principal amount be when he must begin repaying his loan? Upon graduation from college, Warren Roberge was able to defer payment on his $30,000 student loan for 6 months. Since the interest will no longer be paid on his behalf, it will be added to the principal until payments begin. If the interest is 6.93% compounded monthly, what will the principal amount be when he must begin repaying his loan?

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Sol we need to calculate the interest A P A 300... View the full answer