2. Your family gives you $5,000 as a college graduation present. You are about to start paying off $50,000 in student loans at a 4 percent interest rate for a 15-year loan. You could use this money to pay some of your loans, but you could also invest it.
a. Calculate the monthly payments and total payment you will be making on your loan if you do not use the $5,000 to make an initial payment.
Monthly Payment:
Total Amount Paid:
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “2. Your family gives you $5,000 as a college graduation present. You are about to start paying off $50,000 in student loans at a 4 percent ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The sum of two numbers is 34. The smaller number is 6 less than the larger number. What are the numbers?
Answers (1)
Hailey walked 15 miles in 9 hours. What was her walking rate in miles per hour? Express your answer in simplest form.
Answers (2)
Which of the following polynomials contains like terms? -4y+y10-y15+y11 x5-4-x12+x8 z3+z10-5z -x7+x7+x5-4
Answers (2)
16 c = ___ pt this is my question
Answers (2)
A copper wire is 1 meter long at a temperature of 20°C. What will be the length of the wire at a temperature of 50°C?
Answers (1)
New Questions in Mathematics
Factor the expression 5x^2-18x+9
Answers (1)
Ac=3 (x-6) and BD=x+6
Answers (1)
Tony has 50 miles to his destination after 21 minutes of driving and he has 40.4 miles to his destruction after 33 minutes of driving. How many miles will he have to his destination after 37 minutes of driving?
Answers (1)
Describe a situation in which there would be a positive association between two variables.
Answers (2)
One angle of a triangle measures 34. A second angle measures 81. What is the measure of the third angle of the triangle? A: 65 B: 99 C: 115 D: 146
Answers (1)