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To pay for your education, you've taken out $85,000 in student loans. If you make monthly payments over 10 years at 4% APR interest compounded monthly, how much are your mo…

To pay for your education, you've taken out $85,000 in student loans. If you make monthly payments over 10 years at 4% APR interest compounded monthly, how much are your mo…
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To pay for your education, you've taken out $85,000 in student loans. If you make monthly payments over 10 years at 4% APR interest compounded monthly, how much are your monthly student loan payments?

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User Dashrath
by
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1 Answer

2 votes

Answer: The monthly student loan payment would be $329.53

Explanation:

To pay for your education, you've taken out $85,000 in student loans. If you make-example-1
To pay for your education, you've taken out $85,000 in student loans. If you make-example-2
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User Godin
by
7.8k points
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