Mathematics, 23.09.2019 12:20, mairxaromo

Randy took out a subsidized student loan of $7,000 at a 3.6% apr, compounded monthly, to pay for his last semester of college. if he will begin paying off the loan in 10 months with monthly payments lasting for 20 years, what will be the total amount that he pays in interest on the loan?
a.) 10,128.00
b.) 9,830.40
c.) 2,830.40
d.) 3,128.00

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 20:00, vane1161

Afrequency table of grades has five classes (a, b, c, d, f) with frequencies of 3, 13, 14, 5, and 3 respectively. using percentages, what are the relative frequencies of the five classes?

Answers: 3

continue

Mathematics, 21.06.2019 21:30, allisonboggs85

Two airplanes start at the same place and travel in opposite directions, one at 395 miles per hour and the other at 422 miles per hour. how many hours will it take for the planes to be 2451 miles apart?

Answers: 1

continue

Mathematics, 22.06.2019 00:00, heyyyyy117

Define the type of sequence below. 7, 14, 28, 56, 112, a. neither arithmetic nor geometric b. arithmetic c. both arithmetic and geometric d. geometric

Answers: 1

continue

Mathematics, 22.06.2019 01:00, jazzytazzyyy

Use mathematical induction to prove the statement is true for all positive integers n, or show why it is false. 1^2 + 4^2 + 7^2 + + (3n - 2)^2 = [n(6n^2-3n-1)/2]

Answers: 1

continue

Do you know the correct answer?

Randy took out a subsidized student loan of $7,000 at a 3.6% apr, compounded monthly, to pay for his...