Theodora received an 8-year PLUS Loan of $15,000 to attend law school for her last 2 years. If the current interest rate is 8.38% and she starts her repayments 1 year after graduation, what are her monthly payments? Round to the nearest cent.
Theodora received an 8-year PLUS Loan of $15,000 to attend law school for her last 2 years. If the current interest rate is 8.38% and she starts her repayments 1 year after graduation, what are her monthly payments? Round to the nearest cent.
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 25PROB
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Theodora received an 8-year PLUS Loan of $15,000 to attend law school for her last 2 years. If the current interest rate is 8.38% and she starts her repayments 1 year after graduation, what are her monthly payments? Round to the nearest cent.
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