Question

YASHARI earns $27,000 per year, is single, and lives in Wyoming. She has $7000 in subsidized loans and another $19,000 in unsubsidized loans. She is trying to save up an emergency fund of at least 6 months’ take-home pay, so she’s torn about how much she should devote to her student loans and how much to the emergency fund every month.

Answer 1

Answer:

Hello your question has some missing part below is the missing part

Yashari’s monthly take-home pay is $1850. What percentage of her paycheck will go toward student loans if she chooses standard repayment? Does that payment amount seem reasonable? Why or why not?

answer :

14.43% of his paycheck

The payment amount is reasonable ( $ $32035 )

Explanation:

Subsidized loans = $7000

unsubsidized loans = $19000

Annual earnings = $27,000

Monthly pay = $1850

solution

If Yashari chooses the standard repayment the percentage of her paycheck that will go for repayment will be 14.43% while the interest rate will be 4.3%

Therefore the total repayment will be $32035 which is a reasonable amount