If you take out a $15,0 $\$ 15,000$ udent loan on the first day of September, and promise to pay $6 \%$ APR compounded annually, how much interest would you pay if you repay the loan at the end of the following May? $\$$ $\underline{\quad\quad}$

Question

If you take out a $15,0

\$ 15,000

udent loan on the first day of September, and promise to pay

6 \%

APR compounded annually, how much interest would you pay if you repay the loan at the end of the following May?

\$

\underline{\quad\quad}

Quizplus · Accepted Answer

The Answer of If you take out a $15,0 $\$ 15,000$ udent loan on the first day of September, and promise to pay $6 \%$ APR compounded annually, how much interest would you pay if you repay the loan at the end of the following May? $\$$$\underline{\quad\quad}$

If You Take Out a $15,0 $15,000\$ 15,000$15,000 Udent Loan on the First Day of September, and Promise

If You Take Out a $15,0 $\$ 15,000$ Udent Loan on the First Day of September, and Promise