subject
Mathematics, 30.12.2021 02:30 isbella29

Toby just graduated from four years of college. At the beginning of each year, he took out a Stafford loan with a principal of $6,125. Each loan had a duration of ten years and an interest rate of 5. 3%, compounded monthly. All of the loans were subsidized. Toby plans to pay off each loan in monthly installments, starting from his graduation. What is the total lifetime cost for Toby to pay off his 4 loans? Round each loan's calculation to the nearest cent. A. $7,904. 04 b. $31,616. 16 c. $10,393. 82 d. $36,490. 25.

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 14:20
Factor p 2 + 18p + 32. (p+ 4)(p + 8) (p + 2)p+ 16) (p + 16)2
Answers: 1
question
Mathematics, 21.06.2019 21:00
Why is studying fractions important
Answers: 2
question
Mathematics, 21.06.2019 22:00
What is the solution to the division problem below x3+x2-11x+4/x+4
Answers: 2
question
Mathematics, 21.06.2019 23:40
Rounded to the nearest tenth, what is the value of x
Answers: 1
You know the right answer?
Toby just graduated from four years of college. At the beginning of each year, he took out a Staffor...
Questions
question
Mathematics, 18.05.2021 07:30
question
Mathematics, 18.05.2021 07:30
question
World Languages, 18.05.2021 07:30
Questions on the website: 13722363