Mathematics

Dillan Le

5 April, 13:06

Your family gives you $5,000 as a college graduation present. You are about to start paying off $50,000 in student loans at a 4 percent interest rate for a 15-year loan. You could use this money to pay some of your loans, but you could also invest it. b. Calculate the monthly payments and total payment you will be making on your loan if you do use the $5,000 to make an initial payment.

Monthly Payment:

Total Amount Paid:

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “Your family gives you $5,000 as a college graduation present. You are about to start paying off $50,000 in student loans at a 4 percent ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.

Search for Other Answers

You Might be Interested in

What is y-10 = - (x-2) in standard form

Find the mean of the data. A. 25 B. 27 C. 27.5 D ... 30

Why does the following system of linear equations have no solution? x + 4y = 20 x + 4y = 16

A rectangular garden measures 26ft by 52ft. surrounding (and bordering) the garden is a path 3ft wide. find the area of this path. be sure to include the correct unit in your answer.

The current global human population is about 6.1 billion and is growing at an annual rate of 1.35 percent. If world population were to grow at this rate for the next year, approximately how many people would be added?

New Questions in Mathematics

The soccer team is practicing in small groups. there are 36 players in the team. how many groups will they have if they split into groups.

What is 3/4 divided by 2 1/4

A bus arrives at a station every day at a random time between 1:00 P. M. and 1:30 P. M. A person arrives at this station at 1:00 and waits for the bus.

On Monday, the office staff at your school paid$8.77 for 4 cups of coffee and 7 bagels. On Wednesday, they paid $15.80 for 8 cups of coffee and 14 bagels.

Mode for 3,7,2,4,7,5,7,1,8,8