Since the problem is requiring us to use the loan repayment calculator and here is what the calculator gave:
Loan Balance: $25,506.00
Adjusted Loan Balance: $25,506.00
Loan Interest Rate: 6.80%
Loan Fees: 0.00%
Loan Term: 10 years
Minimum Payment: $0.00
Monthly Loan Payment: $293.52
Number of Payments: 120 months
Cumulative Payments: $35,223.07
Total Interest Paid: $9,717.07
It is projected that you will need an annual salary of a minimum $35,222.40 to be capable to have enough money to repay this loan. This approximation assumes that 10% of your gross monthly income will be keen to repaying your student loans. This resembles to a debt-to-income ratio of 0.7. If you use 15% of your gross monthly income to repay the loan, you will need an annual salary of only $23,481.60, but you may experience some financial difficulty. This corresponds to a debt-to-income ratio of 1.1.
Answer: 7/36
Step-by-step explanation:
Answer:
32
Step-by-step explanation:
8/100 x 4
=
32/400
Answer: The running speed of Elena is 5 miles/hour and this can be determined by using the formula of speed.
Step-by-step explanation:
A circular running track 1/4 is a mile long.
Elena runs on this track, completing each lap in 1/20 of an hour.
Speed formula is used to determine the speed of Elena. The formula of speed is given by:
----- (1)
where S is the speed, D is the distance and T is the time taken by Elena to run a circle.
Now, put the value of distance D and time T in the equation (1).
Speed = 5 miles/hour
Therefore, the running speed of Elena is 5 miles/hour.
For more information, refer to the link given below:
brainly.com/question/22610586
60 in^2 because bxh=a and 15x4=60
