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9 votes
9 votes
Joseph takes out a $20,600 student loan to pay his expenses while he is in collage. After graduation, he will begin making payments of $123.51 per month for the next 30 years to pay off the loan. How much more will Joseph end up paying for the loan than the original value of $20,600 ?

Joseph will end up paying $____ more than he borrowed to pay off the loan

User Matija Sirk
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1 Answer

16 votes
16 votes
$108 is the answer for the problem
User Asaf David
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