Mathematics
Mathematics, 05.05.2020 19:33, dontcareanyonemo

James is looking at attending SMU for a degree in Legal Studies. The tuition and room and board charges (plus books and other expenses) for one year will be $64,397.

James does not have this money. He needs a student loan. A Federal Direct Standard Loan has a repayment period of 10 years with an interest rate of 5%.

What will James’ monthly payment be?

Over the life of the loan, how much more than the tuition and room and board charges will James have paid his lender?

answer
Answers: 1

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James is looking at attending SMU for a degree in Legal Studies. The tuition and room and board char...

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