suppose a graduate student receives a non-subsidized student loan of $12,000 for each of the 4 years the student pursues a phd. if the annual interest rate is 4% and the student has a 10-year repayment program, what are the student's monthly payments on the loans after graduation? (round your answer to the nearest cent.)
$

Monthly Payment $ 515.92

Step-by-step explanation:

First we calculate the value of the loan after the four years:

We will calcualte that using the future value of an annuity of $12,000 for 4 years at 4%

C12000

time4

rate    0.04

FV$50,957.57

Now we have to calculate the cuota of a 10 years loan with this value as the principal.

PV  $50,957.57

time10 years x 12 months per year = 120

rate4% per year / 12 months = monthly rate =  0.00333

C$ 515.92

blue marble is 15 times out of 50 = 15/50 reduces to 3/10

landing on tails is 24 out of 50 = 24/50 reduces to 12/25

to find the probability of both multiply together:

3/10 x 12/25 = 3 x 12 / 10 x 25 = 36/250

if you multiplied the numerator and denominator by 10 you get 360/2500.

the answer is 360/2500

savings account is an account only used for saving money. this acts as an emergency source of funding for an individual. answer a would result in the money in his account to grow as it specifically states that interest is compounded daily at the rate of 2%

step-by-step explanation: