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kow [346]
3 years ago
3

Henry wants to avoid interest capitalization on his $7,800 unsubsidized Stafford Loan. Henry will graduate in four years, and th

e loan has a duration of ten years. The loan has an interest rate of 5.6%, compounded monthly. How much must Henry pay every month to avoid interest capitalization?
A) $14.56
B) $43.68
C) $36.40
D) $31.20
Please explain.
Mathematics
2 answers:
Allisa [31]3 years ago
8 0
Your correct answer should be D
Alexeev081 [22]3 years ago
7 0
D. pretty sure!! hope this helped!!
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quester [9]

Answer:

Step-by-step explanation:

a1 = 6

a2 = 10

a3 = 14

The next member of the sequence is 4 more than the current sequence. Therefore d = 4

a1 = 6

d = 4

n = 13

an = a1 + (n - 1)*d

an = 6 + (n - 1)*4

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a_13 = 6 + 48

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8 0
3 years ago
X^2-3=0 solve for all real values of x
sineoko [7]

Step-by-step explanation:

x²-3=0

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<h2>stay safe healthy and happy.</h2>
3 0
3 years ago
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s2008m [1.1K]

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5 0
4 years ago
Pls help i feel like im doing it right but i wanna make sure
Svetllana [295]

Answer:

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3 years ago
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