If Megan has $35,000 in student loans and wants to pay them by extending her loan out to 20 yrs (interest of 5.5% and starting at the end of the month), how much will she have paid in total towards her loan? $91,167.07 $28,891.27 $52,980.45 $57,782.53
If Megan has $35,000 in student loans and wants to pay them by extending her loan out to 20 yrs (interest of 5.5% and starting at the end of the month), how much will she have paid in total towards her loan? $91,167.07 $28,891.27 $52,980.45 $57,782.53
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 19PROB
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Question
If Megan has $35,000 in student loans and wants to pay them by extending her loan out to 20 yrs (interest of 5.5% and starting at the end of the month), how much will she have paid in total towards her loan?
$91,167.07 |
||
$28,891.27 |
||
$52,980.45 |
||
$57,782.53 |
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