Randy took out a subsidized student loan of $7,000 at a 3.6% APR, compounded monthly, to pay for his last semester of college. If he will begin paying off the loan in 10 months with monthly payments lasting for 20 years, what will be the total amount that he pays in interest on the loan?
A.) 10,128.00
B.) 9,830.40
C.) 2,830.40
D.) 3,128.00
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Randy took out a subsidized student loan of $7,000 at a 3.6% APR, compounded monthly, to pay for his last semester of college. If he will ...” 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
Which is the coldest temperature - 13 fahnarit or - 20 fahnarit
Answers (2)
The next poster you decide to frame has a width of x inches and the length is 2 times the width. The frame is going to be 1 inch wide. Write an expression that represents the perimeter of the frame.
Answers (1)
What type of information do you need to be given to prove two triangles are congruent?
Answers (1)
How could i write 2.7 on a number line?
Answers (1)
Kristin is making spahettie for a party. her recipe calls for three-fourths cup of tomato paste. if she needs to make 1 1/2 recipes, how much tomato paste will kristin use?
Answers (1)
New Questions in Mathematics
What is the chemical basis of a gene? A. carbohydrate B. Protein C. DNA D. lipid
Answers (2)
A 26-year-old male is interested in purchasing life insurance. Using the table, determine what the annual premium for a 20-Payment Life insurance policy, given that the face value of the policy is $89,657.
Answers (1)
Comparing decimals 0.49 to 0.94 is that equal? or 0.94 more ... ?
Answers (1)
What is the median of this set of data? 100, 102, 103, 106, 109
Answers (2)
Already bought 854 acres of land for development if 62 acres of his purchase is reserved for a park how many 3 acres building lots are able for sale
Answers (1)