Mathematics, 27.07.2021 18:10 pokenerdz

Eunsup has just graduated and is beginning to pay off his student loan. No interest is charged on his loan until graduation.
He will repay the loan by making a payment of $398.33 each month for the next 7 years, at an interest rate of
6.3% per year compounded monthly.
How much did Eunsup borrow?
$27 000.00
$33 000.00
$17 000.00
$33 459.00

Answers: 3

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