You graduated from college and decided to attend law school. If you go to law...
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You graduated from college and decided to attend law school. If you go to law school, you will be forced to incur $180,000 in student loans. The re-payment of the student loans will take place over the next ten years after you graduate. The current rate on student loans is 6% ARP (with monthly compounding). a. How much in interest will you pay over the lifetime of the loan? b. How much interest will save if you add an additional $150 to your monthly payment?
Please show your work. Using excel or a financial calculator
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