Monthly payment on student loan

Business & Finance
Price: $5 USD

Question description

Suppose you have a student loan of $40,000 with an APR of 8% for 30 years. If you would like to pay off the loan in 15 years instead of 30, how much more will you have to pay each month?





Tutor Answer

(Top Tutor) Daniel C.
School: Duke University
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