INTRODUCTION TO ENGINEERING ECONOMY Kylie’s Student Loan Kylie has been offered a student loan by a hometown engineering firm. She will borrow P5O,000 each year for 4 years. She is required to maintain an average grade of 85, major in any of the engineering program, and graduate within 5 years. Beginning 1 year after graduation and continuing for 3 more years, she is required to repay this loan at P50,000 per year. Is this a good deal? Why?

Automotive Technology: A Systems Approach (MindTap Course List)
6th Edition
ISBN:9781133612315
Author:Jack Erjavec, Rob Thompson
Publisher:Jack Erjavec, Rob Thompson
Chapter1: Careers In The Automotive Industry
Section: Chapter Questions
Problem 4RQ: Name the different ways that you can gain work experience while you are a student.
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INTRODUCTION TO ENGINEERING ECONOMY

Kylie’s Student Loan Kylie has been offered a student loan by a hometown engineering firm. She will borrow P5O,000 each year for 4 years. She is required to maintain an average grade of 85, major in any of the engineering program, and graduate within 5 years. Beginning 1 year after graduation and continuing for 3 more years, she is required to repay this loan at P50,000 per year. Is this a good deal? Why?

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