Colton takes out a $16,000 student loan to pay his expenses while he is in college. After graduation, he will begin making payme

Question

3 years ago

10

Colton takes out a $16,000 student loan to pay his expenses while he is in college. After graduation, he will begin making payme

nts of $103.09 per month for the next 25 years to pay off the loan. How much will Colton end up paying for the loan than the original value of $16,000

Mathematics

1 answer:

lyudmila [28] · Answer 1 · 2022-08-16T04:34:23+03:00

lyudmila [28]3 years ago

5 0

If I am doing the problem correctly the answer is $977.25 :)