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Citrus2011 [14]
3 years ago
12

Yashari’s monthly take-home pay is $1850. What percentage of her paycheck will go toward student loans if she chooses standard r

epayment? Does that payment amount seem reasonable? Why or why not?
Social Studies
1 answer:
GrogVix [38]3 years ago
5 0

Answer:

The monthly payment under standard repayment is typically about 1.0% to 1.3% of the total loan balance when the loan entered repayment. So, inthe situation, we assumed that he took $30,000 student loan, it is expeceted that he would pay back 1% of the loan amount monthly (aprrox. $300).

<em>The payment does not seem reasonable due to the fact that the amount she earns as salary is low and would not allow her to meet her other personal needs.</em>

Explanation:

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