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Santiago borrows $10,000 for tuition and other expenses. He will pay 4.5 percent of that amount as a fee to borrow the money. The loan is for 10 years, which will mean a $93.22 monthly payment after he finishes his education. Which of these numbers is the loan principal?

A.
$10,000

B.
4.5 percent

C.
10 years

D.
$93.22

User Chikku
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1 Answer

5 votes
the loan number is d or 93.22
User Episodex
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