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Carlos was accepted to a university that has a tuition cost of $33,000 per year. He took out a loan from the bank for the entire $33,000 and made loan payments of $415 per month for 8 years. After the
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Carlos was accepted to a university that has a tuition cost of $33,000 per year. He took out a loan from the bank for the entire $33,000 and made loan payments of $415 per month for 8 years. After the 8-year period, how much more than the tuition cost did Carlos pay? F. $6,840 G. $4,980 H. $4,860 J. $3,320 K. $3.120

User Puggsoy
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11 votes

Answer:

F. $6,840

Explanation:

8x12=96

415x96=39,840

39,840-33,000 = $6,840

User Janak Kanani
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