Question

At graduation, you have a student loan of $16,000. The loan has

a fixed annual interest rate of 3.4%, compounded monthly, for 10
years. What will your monthly payments be? (Enter numeric answers
to 2

Answer 1

Answer: $186.27

Step-by-step explanation: 16000(1.034)^10=22352.46

22352.46/120=186.27