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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
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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
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8.1k points

1 Answer

11 votes

Answer:

637 DOLLARS

Explanation:

have a good day

answered
User Fuzz Evans
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7.9k points
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