Mathematics, 10.09.2021 05:50 colrow1968

Taylor took out a student loan for $6,000 and agreed to pay it off with monthly payments over 12 years at a 5% interest rate compounded monthly. This made her monthly payments $59. How much will Taylor end up paying
in interest?

Taylor took out a student loan for $6,000 and agreed to pay it off with monthly payments over 12 ye

Answers: 2

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Taylor took out a student loan for $6,000 and agreed to pay it off with monthly payments over 12 yea...

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Taylor took out a student loan for $6,000 and agreed to pay it off with monthly payments over 12 years at a 5% interest rate compounded monthly. This made her monthly payments $59. How much will Taylor end up paying in interest?

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Other questions on the subject: Mathematics

Questions in other subjects:

Taylor took out a student loan for $6,000 and agreed to pay it off with monthly payments over 12 years at a 5% interest rate compounded monthly. This made her monthly payments $59. How much will Taylor end up paying
in interest?