Mathematics, 26.11.2019 00:31 vanvalenpeyt

Simon took out an unsubsidized student loan of $43,000 at a 2.4% apr,
compounded monthly, to pay for his last six semesters of college. if he will
begin paying off the loan in 33 months with monthly payments lasting for 20
years, what will be the amount of his monthly payment?
a. $225.23
b. $240.58
c. $241.16
d. $225.77

Answers: 3

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Simon took out an unsubsidized student loan of $43,000 at a 2.4% apr,
compounded monthly, to pa...