Upon graduation from college, Warren Roberge was able to defer payment on his $33 comma 000 student loan for 9 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 4.55 % compounded monthly , what will the principal amount be when he must begin repaying his loan?
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Home » Business » Upon graduation from college, Warren Roberge was able to defer payment on his $33 comma 000 student loan for 9 months. Since the interest will no longer be paid on his behalf, it will be added to the principal until payments begin.