Multiple Choice
A student loan is taken out for $9900 at 6%. The student graduates 2 years and 9 months after the loan is aquired. Payments are deferred for 3 months after graduation. Find the the monthly payment. Assume 30-day months and that the term of the loan is 10 years.
A) $19.54
B) $1760.40
C) $129.45
D) $109.91
Correct Answer:
Verified
Related Questions
