document.write( "Question 1193855: Jordan is paying his $22,500 student loan. The interest rate is 3.75%/yr. It is compounded daily and payable monthly.
\n" ); document.write( "In his first payment Jordan will pay the interest owing. He will pay an extra $500 of principal.
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Algebra.Com's Answer #825908 by ikleyn(52908)\"\" \"About 
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\n" ); document.write( "Jordan is paying his $22,500 student loan. The interest rate is 3.75%/yr. It is compounded daily and payable monthly.
\n" ); document.write( "In his first payment Jordan will pay the interest owing. He will pay an extra $500 of principal.
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