Answer:
just do it Like Nikey
Step-by-step explanation:
lol
Answer:
The answers are the 2nd, 5th, and last answer choices. Source: I did this question before and I remember the answers.
IAnswerQuestionsBoi avatar
Your welcome if that helped
Step-by-step explanation:
The answer is b y=6 Use photonath if any more equations like this one
The present worth of the loan is <span>$6,250
</span>The start of payment will after 4 years
The nominal interest rate is 6.1% compounded monthly which is equal to 6.27% effective.
The future worth (after graduation) of the loan is
F = <span>$6,250 (1 + 0.0627)^4 = $7,971.18
The interest is
</span>$7,971.18 - $6,250 = $1,721.18
I didn't round off when solving these so it's not the exact answer among the choices but the closest is letter B <span>$1,722.22</span>
