rmaribaxter rmaribaxter

11-05-2017
Business

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Andy took out an unsubsidized student loan of $11,000 at a 7.2% APR, compounded monthly, to pay for his last two semesters of college. If he will begin paying off the loan in 15 months, how much will he owe when he begins making payments?

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zsantillan13 zsantillan13

28-05-2019

Answer:

$12,032.68, since Andy is responsible for the interest on the loan that accrues before he starts making payments. - APEX

Explanation:

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acelynnshamrockk acelynnshamrockk

05-12-2019

$12,032.68, since Andy is responsible for the interest on the loan that accrues before he starts making payments.

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