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You Estimate That You Will Have $44,500 in Student Loans

Question 51

Multiple Choice

You estimate that you will have $44,500 in student loans by the time you graduate.The interest rate is 6.5 percent,compounded monthly.If you want to have this debt paid in full within five years,how much must you pay each month?


A) $745.69
B) $873.65
C) $870.69
D) $741.67
E) $880.40 You estimate that you will have $44,500 in student loans by the time you graduate.The interest rate is 6.5 percent,compounded monthly.If you want to have this debt paid in full within five years,how much must you pay each month? A) $745.69 B) $873.65 C) $870.69 D) $741.67 E) $880.40

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