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

Algebra ->  Customizable Word Problem Solvers  -> Finance -> 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      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



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) About Me  (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

From
I > Ø