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You owe $30,000 on student loans at an annual interest rate of 4.4% compounded monthly. You want to pay off the loan in 11 years.

What will your monthly payments be?

THANKS SPICY HOMIES

$287

Step-by-step explanation:

If you start with $30,000 in a savings account earning a 4.4% interest rate, compounded monthly, and make $0 deposits on a monthly basis, after 11 years your savings account will have grown to $48,633 -- of which $30,000 is the total of your beginning balance plus deposits, and $18,633 is the total interest earnings.

$48,633 total

11 x 12 = 132 payments

48,633 / 132 = $368.43 month profit

However that is savings totals if you preferred to save with compound rates same amounts.

Paying loans decreases this value.

4.4

%  Loan Repayment Term (Years)  

11

Reset

Results:

Your Estimated Monthly Payment

$ 287  

Your Total Payment  

$ 37,897  

Your Total Interest Payments

$ 7,897 loan interest

total amount of money that he should pay if he has not used his duty free exemption is $98

step-by-step explanation:

given a united states citizen returning to the states declares the following items at the customs office: 3 shirts at $8.50 each 2 dresses at $27.50 each 1 pair of gold cuff links at $17.50 per pair. we have to find how much he pay

cost of 3 shirts if one cost at $8.50 is

cost of 2 dresses if one cost at $27.50 is  

cost of 1 pair of gold cuff at $17.50

so, total amount of money that he should pay if he has not used his duty free exemption is   $25.5+$55+$17.50=$98