Business, 10.03.2020 07:28 sweaversw9602
Sharon just lost her job and is struggling to make her monthly student loan repayment. After contacting the lender they offered to enroll her in a program that will suspend monthly payments for six months. If Sharon accepts this offer then she won't have to make the next 6 payments, but interest will continue to accrue on the balance. If Sharon's outstanding balance is $43,189, and the loan's interest rate is 9.12% compounded monthly, how much will Sharon owe at the end of the 6 month period
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Sharon just lost her job and is struggling to make her monthly student loan repayment. After contact...
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