SOLUTION: Loan Balance: $9,440.00 Adjusted Loan Balance: $9,440.00 Loan Interest Rate: 3.50% Loan Fees: 0.00% Loan Term: 10 years Minimum Payment: $50.00 Enrollment Status: In R

Algebra ->  Coordinate Systems and Linear Equations  -> Lessons -> SOLUTION: Loan Balance: $9,440.00 Adjusted Loan Balance: $9,440.00 Loan Interest Rate: 3.50% Loan Fees: 0.00% Loan Term: 10 years Minimum Payment: $50.00 Enrollment Status: In R      Log On


   

Question 693201: Loan Balance: $9,440.00
Adjusted Loan Balance: $9,440.00
Loan Interest Rate: 3.50%
Loan Fees: 0.00%
Loan Term: 10 years
Minimum Payment: $50.00
Enrollment Status: In Repayment
Degree Program: Bachelor's Degree
Monthly Loan Payment: $93.35
Number of Payments: 120
Cumulative Payments: $11,201.75
Total Interest Paid: $1,761.75

2.Write a linear equation describing your monthly student loan balance.
3.Make a table of values describing the monthly loan balance for six months
Answer by ccallaway(1) About Me  (Show Source):