Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Interest component of monthly payment: Solomon's student loan balance is now $26,764, with a 7.9% APR. His monthly payment amount is $300. How many dollars of interest will he pay as part of this month's payment? [Do NOT enter the "$" in the answer. Use 2 decimal places.]
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Transcribed Image Text:Interest component of monthly payment: Solomon's student loan balance is now $26,764, with a 7.9% APR. His monthly payment amount is $300. How many dollars of interest will he pay as part of this month's payment? [Do NOT enter the "$" in the answer. Use 2 decimal places.]
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