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

The value of x is both 5 times as much as the value of y and 36 more than the value y. I know the answer is 9. How can you solve the problem through an equation?

What is 2 x 40/25 Two times forty over twenty-five

Nikita's Work Area of Base = B = 3 bn = (718) = 28 cm? Volume=Bh = (28) (13) = 364 cm Where, if any, did Nikita first make a mistake in her work? Nikita used the wrong formula for the area of the base.

The Gilbert family bought airline tickets online. Each ticket cost $167. The Web site charged $19 per ticket, as well as a flat fee of $16. The Gilberts were charged a total of $1132.

Frank is entering college and is trying to decide between a business major and a liberal arts major. He decides to conduct a random survey to see the starting salary.

New Questions in Mathematics

The sum of a number and twice its reciprocal is 27/5. Find the number.

Airbus is a major manufacturer of aircraft in Europe. Each of their A330 planes costs around 40 million dollars and Airbus' revenue (money coming in) can be modeled as a function of the number of aircraft it sells.

Which function has an inverse that is a function? A. b (x) = x^2+3 B. d (x) = -9 C. - 7x D. p (x) = lxl

Is 6.013 less than 6.08

What is nine 91, 284 rounded to hundred thousand