Mathematics, 03.07.2020 22:01, krystalruby1219

Steven graduated from college with $22,500 in student loans and is looking to refinance. The current interest rate is 5% and he is debating between a 10 year loan or a 20 year loan. Loan A (10 years) results in monthly payments of $238.65. Loan B (20 years) results in monthly payments of $148.49. What would be his total payback amount for each loan?

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Steven graduated from college with $22,500 in student loans and is looking to refinance. The current...