Nell took out a subsidized student loan of $6000 at a 4.8% apr, compounded
monthly, to pay for...
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Mathematics, 23.01.2020 12:31 Leonorareed5145
Nell took out a subsidized student loan of $6000 at a 4.8% apr, compounded
monthly, to pay for her last semester of college. if she will begin paying off
the loan in 10 months with monthly payments lasting for 20 years, what will
be the total amount that she pays in interest on the loan?
a. $9345.60
b. $3345.60
c. $3724.80
d. $9724.80
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Answers: 2
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