SOLUTION: You have $25,000 of debt in college loans when you need to start making payments. Your interest rate on the loan is 7% and you set up the loan to be paid off in 20 years. How much
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Question 1181333: You have $25,000 of debt in college loans when you need to start making payments. Your interest rate on the loan is 7% and you set up the loan to be paid off in 20 years. How much will your monthly payment be? Show your work
Answer by Solver92311(821) (Show Source): You can put this solution on YOUR website!
Depends on the compounding frequency.
John
My calculator said it, I believe it, that settles it
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