Question 1193855: Jordan is paying his $22,500 student loan. The interest rate is 3.75%/yr. It is compounded daily and payable monthly.
In his first payment Jordan will pay the interest owing. He will pay an extra $500 of principal.
Answer by ikleyn(52887)   (Show Source):
You can put this solution on YOUR website! .
Jordan is paying his $22,500 student loan. The interest rate is 3.75%/yr. It is compounded daily and payable monthly.
In his first payment Jordan will pay the interest owing. He will pay an extra $500 of principal.
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