Bianca took out a $2,600 unsubsidized stafford loan. she will be attending school for four years, and she wishes to have the loan paid off five years before its normal ten-year duration is finished. the loan has an interest rate of 6.2%, compounded monthly. how much will she have to pay monthly to avoid interest capitalization?

Bianca need to pay $13.43 monthly to avoid interest capitalization.

Step-by-step explanation:

Principal value = $2600

Time = 10 years = 120 months

Interest rate = 6.2% = 0.062

Now, Find amount of payment by using the formula :

Total payment is to be paid in 1 year :

Hence, Bianca need to pay $13.43 monthly to avoid interest capitalization.

my acc plz

step-by-step explanation:

whole numbers.

step-by-step explanation:

we are given the average monthly rainfall (in millimeters) model r(m) for the years 1900-2009 as a function of the month number m.

as we can see m is taken for the number of months for years 1900-2009.

we know that number of months can't be a negative number or decimal number or a fraction.

so, the number of months could be only positive whole numbers.

therefore, whole numbers is more appropriate for the domain of r.