sadiedouglas003 sadiedouglas003

29-11-2017
Mathematics

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Bessie took out a subsidized student loan of $5000 at a 2.4% APR, compounded monthly, to pay for her last semester of college. If she will begin paying off the loan in 10 months with monthly payments lasting for 20 years, what will be the total amount that she pays in interest on the loan?

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vunderkid vunderkid

29-11-2017

After ten months Bessie account will be $6338.25
If she will pay 2.4% of the endof the loan plus $0.57 each month then after 20 years the total amount will be $6338.26

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vanishingflower vanishingflower

22-07-2019

Answer:

1300$ APEX

Step-by-step explanation:

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