Find the monthly payment on the loan. Assume that the term of the loan is 10 years. $7,500 at 7.9% interest; student graduates 2 years and 8 months after loan is acquired; payments deferred for 6 months after graduation. The monthly payment on this loan is $ decimal places, if necessary. Round your answer t0 two
Find the monthly payment on the loan. Assume that the term of the loan is 10 years. $7,500 at 7.9% interest; student graduates 2 years and 8 months after loan is acquired; payments deferred for 6 months after graduation. The monthly payment on this loan is $ decimal places, if necessary. Round your answer t0 two
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 19PROB
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