Question

Melissa Hernandez received an 8-year subsidized student loan of $26,000 at an annual interest rate of...

Melissa Hernandez received an 8-year subsidized student loan of $26,000 at an annual interest rate of 4.3%. What are Melissa's monthly loan payments for this loan when she graduates in 1 year? (Round your answer to the nearest cent.

Math   Advanced-Math   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Melissa Hernandez received an 8-year subsidized student loan of $23,000 at an annual interest rate of...
Melissa Hernandez received an 8-year subsidized student loan of $23,000 at an annual interest rate of 4.9%. What are Melissa's monthly loan payments for this loan when she graduates in 1 year? (Round your answer to the nearest cent.) $
Angelica Reardon received a 4-year non-subsidized student loan of $17,000 at an annual interest rate of...
Angelica Reardon received a 4-year non-subsidized student loan of $17,000 at an annual interest rate of 6.1%. What are Angelica's monthly loan payments for this loan after she graduates in 4 years? (Round your answer to the nearest cent.) $
Jeffery Wei received a 6-year non-subsidized student loan of $32,000 at an annual interest rate of...
Jeffery Wei received a 6-year non-subsidized student loan of $32,000 at an annual interest rate of 5.5%. What are Jeffery's monthly loan payments for this loan after he graduates in 4 years? (Round your answer to the nearest cent.)
angelica received a 12 year non subsidized student loan of 17000 at an annual interest rate...
angelica received a 12 year non subsidized student loan of 17000 at an annual interest rate of 5.5% (compounded monthly) she will begin repaying the loan after she graduates in 4 years how much interest in dollars must she pay on the loan during the time that payments on the loan are not being made
You receive a 10-year unsubsidized student loan of $18,000 at an annual interest rate of 6.6%....
You receive a 10-year unsubsidized student loan of $18,000 at an annual interest rate of 6.6%. What are your monthly loan payments for this loan after you graduate in 4 years? (Round your answer to the nearest cent.)
You receive a 10-year unsubsidized student loan of $30,000 at an annual interest rate of 5.4%....
You receive a 10-year unsubsidized student loan of $30,000 at an annual interest rate of 5.4%. What are your monthly loan payments for this loan after you graduate in 4 years? (Round your answer to the nearest cent.)
You receive a 10-year unsubsidized student loan of $31,000 at an annual interest rate of 5.6%....
You receive a 10-year unsubsidized student loan of $31,000 at an annual interest rate of 5.6%. What are your monthly loan payments for this loan after you graduate in 4 years? (Round your answer to the nearest cent.)
(B-8) Angela Montery has a five-year car loan for a Jeep Wrangler at an annual interest...
(B-8) Angela Montery has a five-year car loan for a Jeep Wrangler at an annual interest rate of 6.9% and a monthly payment of $599.50. After 3 years, Angela decides to purchase a new car. What is the payoff on Angela's loan? (C-9) You receive a 10-year subsidized student loan of $11,000 at an annual interest rate of 5%. What are your monthly loan payments for this loan when you graduate?
Catherine received a 30 year loan of $240,000 to purchase a house. The interest rate on...
Catherine received a 30 year loan of $240,000 to purchase a house. The interest rate on the loan was 5.90% compounded monthly. a. What is the size of the monthly loan payment? $ Round to the nearest cent b. What is the principal balance of the loan at the end of 3 years?$ Round to the nearest cent c. By how much will the amortization period shorten if Catherine made an extra payment of $54,000 at the end of the...
8. Your company has received a $50,000 loan from an industrial finance company. The annual payments...
8. Your company has received a $50,000 loan from an industrial finance company. The annual payments are $6,202.70. If the company is paying 9 percent interest per year, how many loan payments must the company make? Round to the nearest number of periods.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT