You owe $32,000 on student loans at an interest rate of 4 85 compounded monthly You want to pay off the loan in 9 years What will your monthly payments be $ How much interest do you pay $ You owe $32,000 on student loans at an interest rate of 4 85 compounded monthly You want to pay off the loan i...

To calculate the monthly payments and interest for this student loan we can use the formula for monthly loan payments which is P r A 1 1 rn Where P Mo ...

You owe $32,000 on student loans at an interest rate of 4.85% compounded monthly. You want...

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Posted Date: Apr 27, 2023 03:01 AM

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You owe $32,000 on student loans at an interest rate of 4.85% compounded monthly. You want...

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To calculate the monthly payments and interest for this student loan we can use the formula for monthly loan payments which is P r A 1 1 rn Where P Mo... View the full answer

Financial Accounting Tools for Business Decision Making

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