SOLUTION: Suppose that your unsubsidized Stafford loans plus accumulated interest total $ 33000 at the time you start repayment, the interest rate is 6% APR, and you elect the standard repay
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Question 1198908: Suppose that your unsubsidized Stafford loans plus accumulated interest total $ 33000 at the time you start repayment, the interest rate is 6% APR, and you elect the standard repayment plan of a fixed amount each month for 10 years. What is your monthly repayment?
Repayment amount = Answer by Theo(13342) (Show Source):
You can put this solution on YOUR website! loan is for 33,000, including accumulated inteest.
interest rate is 6% per year.
payment is at the end of each month for 10 years.
monthly payment is equal to 366.37.
