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