The government offers four income-driven repayment plans: income-based repayment, income-contingent repayment, Pay As You Earn (PAYE) and Revised Pay as You Earn (REPAYE). These options are best if your income is too low to afford the standard payment.
1a. If you deposit $5,600 at the end of each of the next 20 years into an account paying 10.8 percent interest, how much money will you have in the account ...
