Suppose you have a student loan of S25,000 with an APR of 12% for 30 years. Complete parts (a) through (c) below. .... a. What are your required monthly payments? The required monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
Suppose you have a student loan of S25,000 with an APR of 12% for 30 years. Complete parts (a) through (c) below. .... a. What are your required monthly payments? The required monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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