Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / A student borrows $95,000 for business school at 4.5% stated annual interest with equal mo...

A student borrows $95,000 for business school at 4.5% stated annual interest with equal monthly payments over 9 years. Consider this as a loan with no payments or interest during school so that the

A student borrows $95,000 for business school at 4.5% stated annual interest with equal monthly payments over 9 years. Consider this as a loan with no payments or interest during school so that the problem structure is equivalent to a standard loan received one period before the first payment. How much is the monthly payment? Please round your answer to the nearest hundredth.

Apr 05 2021 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions