Mathematics, 12.01.2021 07:40 AriesTwice
The average loan for a college senior at a certain school is
$29,400, with an annual interest rate of 6.8%.
Write a function, D(t), that expresses the loan amount after t years if the interest is compounded annually (no payments are being made).
What is the approximate daily interest rate on the loan?
What is the effective daily interest rate on the loan if the
interest is compounded daily?
What is the effective yearly interest rate on the loan if the
interest is compounded daily?
Answers: 1
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The average loan for a college senior at a certain school is
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