Question 3 O 33880 O 18302 6 O 41326 06 Peter Took Out A Student Loan For 88000 He Set Up A Payment Plan To Pay Off 1 (57.63 KiB) Viewed 67 times
Question 3 O $33880 O $18302.6 O $41326.06 Peter took out a student loan for $88000. He set up a payment plan to pay off the loan monthly for the next 5 years at 7.7% interest compounded monthly. His monthly payments would be $1771.71. How much total in interest would he pay to pay off the loan? O $6415562.94 O $88000 • Previous 11. APY - (1+)-¹ 12. r-n((APY+1)-1) APY--1 13. 14. r-In(APY +1) 3 pts Not Question 2 O $3626 O $2832 If $5900 was invested at 4.8% compounded continuously, how much interest would be in the account after 10 years? $8732 O $9535 O $3635 12. r-n((APY +1)-1) < Previous 13. APY--1 14. r-In(APY + 1)
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