Register

You take a student loan of $60,000 to go to a private college. interest is 5.5% compounded monthly. The life of the loan is 20 years. How much is the total cost of the loan

You take a student loan of $60,000 to go to a private college. interest is 5.5% compounded monthly. The life of the loan is 20 years. How much is the total cost of the loan
asked 106k views
22 votes
you take a student loan of $60,000 to go to a private college. interest is 5.5% compounded monthly. The life of the loan is 20 years. How much is the total cost of the loan

asked
User Bsam
by
8.1k points

1 Answer

11 votes

Answer:

637 DOLLARS

Explanation:

have a good day

answered
User Fuzz Evans
by
7.9k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!