3 years ago

Ichiro took out a subsidized student loan of $13,000 at a 3.6% APR

Mathematics

1 answer:

german3 years ago

8 0

Answer:

The amount of money he owes when he begins making payments:

A = 13000 x ( 1 + rate/12)^month

= 13000 x (1 + (3.6/100)/12)^15

= 13597.45 dollar

Hope this helps!

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