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3 years ago

11

asma owns $52000 in student loans for college. if the loan will be repaid in 5.5 years and the interest rate charged is 6.75% th

en how much will she pay altogether?

1 answer:

Ahat [919]3 years ago

3 0

I=$52,000 R=6.75% T=5.5 years P=$19,305

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$n=(\frac{1.960(80)}{25})^2 =246.73 \approx 247$

So the answer for this case would be n=247 rounded up to the nearest integer

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So the answer for this case would be n=247 rounded up to the nearest integer

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