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36 votes
36 votes
2) Suppose you have a student loan of $5,700 at 7% interest compounded quarterly with

quarterly payments for 10 years.
a) How much would the scheduled payments on the loan be?
b) If you pay an extra $75 each quarter, how long will it take to pay off the loan?
c) How much will you save in payments over the life of the loan by paying $75 extra
each quarter?
I need someone to solve a b c to get the answers

User Seanplwong
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1 Answer

17 votes
17 votes

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User Anchandra
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