Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. algebra
  3. suppose quinton borrows a student loan of $8,500 a

Suppose Quinton borrows a student loan of $8,500 at an interest rate of 6.5%. Once...

80.2K

Verified Solution

Question

Algebra

image

Suppose Quinton borrows a student loan of $8,500 at an interest rate of 6.5%. Once graduating from college, he is expected to pay that money back over the course of 20 years. Blank #1: Find Quinton's monthly payment. Round to the nearest cent. Blank #2: How much money will Quinton pay in total? Round to the nearest cent.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Electrical Engineering
1.2K views

a. Design a broadband Butterworth bandpass filter with a lower cutoff frequency of 500 Hz and...

Biology
1.2K views

O O O secondary tertiary quaternary None of the choices is correct

Physics
1.2K views

20 Min Test XP Semion Sha app peardeck com t young Chid New Tide CP...

Basic Math
1.2K views

A business uses straight line depreciation to determine the valuo y of a piece of...

Basic Math
1.2K views

A magazine includes a report on the energy costs per year for 32-inch liquid crystal...

Accounting
1.2K views

1-Explain any THREE (3) categories of zakat recipients. For each category, give your justification or...

Accounting
1.2K views

Accounts receivable increased by 3,000 Inventory decreased by 13,000 Supplies increased by 26,000 Accounts payable...

Accounting
1.2K views

With this information, what is the closing journal entries at April 30, 2020 and the...

Accounting
1.2K views

An investment adviser that is a sole proprietor finds that its net worth (net capital)...

Accounting
1.2K views

12. Which of the following expressions related to the legal responsibility of the CPA is...

Accounting
1.2K views

Jordan Inc. manufactures water heaters. The company purchased 50,000 pounds of copper at a price...

Finance
1.2K views

Panelli's is analyzing a project with an initial cost of $102,000 and cash inflows of...