Randy took out a subsidized student loan of $7,000 at a 3.6% APR, compounded monthly, to pay for his last semester of college. If he will begin paying off the loan in 10 months with monthly payments lasting for 20 years, what will be the total amount that he pays in interest on the loan?
A.) 10,128.00
B.) 9,830.40
C.) 2,830.40
D.) 3,128.00
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Randy took out a subsidized student loan of $7,000 at a 3.6% APR, compounded monthly, to pay for his last semester of college. If he will ...” 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
What is the circumference of the given circle? Use 3.14 for the value of π and round your answer to the nearest tenth. A) 46.5 mi B) 47.8 mi C) 48.4 mi D) 50.3 mi
Answers (1)
What is bigger 3/4 11/16
Answers (1)
Find the solution (s) to (x+2) ^2=49. Check all that apply
Answers (1)
Find the 12th term of the sequence: 8, 14, 20, 26, ...
Answers (1)
Graphing Scatterplots and Trend Lines You just found a positive trend line showing a strong relationship between homework scores and test scores for five students. Explain what this means.
Answers (1)
New Questions in Mathematics
What is the value of x if g (x) = 16
Answers (1)
In order to use an excerpt from a movie in a new television show, the television producer must pay the director of the movie $790 for the first 2 minutes of the excerpt and $130 per minute after that
Answers (1)
Which expression is equivalent to x-2/y
Answers (1)
The distance between City A and City B is 250 miles. A length of 1.7 feet represents this distance on a certain wall map. City C and City D are 3.74 feet apart on this map. What is the actual distance between City C and City D?
Answers (2)
Write the product as a trinomial. (m - 5) (m + 2)
Answers (2)