Claudius took out an unsubsidized Stafford loan at the beginning of his six-year college career. The loan had a principal of $4,850, an interest rate

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Claudius took out an unsubsidized Stafford loan at the beginning of his six-year college career. The loan had a principal of $4,850, an interest rate. Are You Mr or Mrs has this kind of uncertainty?, If yes then plz check the best answer right after below:

Claudius took out an unsubsidized Stafford loan at the beginning of his six-year college career. The loan had a principal of $4,850, an interest rate of 6.5% compounded monthly, and a duration of ten years. If Claudius started paying off the loan when he graduated, what is his monthly payment? Round all dollar values to the nearest cent.

kylee_9715

Answers for this question:

Personal Loan Rates at any Institution will vary based on your particular history with the lending institution; beacon score and your credit score with equifax and trans union. My best suggestion is to find out yourself where you rank first then you will be prepared ahead of time knowing what you want and that your credit score backs your request. Every institution is fighting for our business today, so it`s up to them to earn our business, not the other way around.

tmcbeckmann

The interest rate on the SBA loan might be determined by market sale of the bond at the time the 504 debenture pool (the pool of 504 loans) is sold. The interest charge is fixed for the time period of the loan. It is this 100% government guarantee that experts predict will enable the bond to be funded at under usual lending interest rates and on a fixed rate basis.

VeronicaMercy

An interested rate of 4 for a student loan is good enough, though if you scout around you will be able to find something lower than that. Your best source for student loan is the federal government, or specifically, through the Free Application for Federal Student Aid (FAFSA). Interested rates may fall around 3% fixed. /philip ice.

Ezequiel

In case you want to fix your interest rates, the lender can convert your variable loan to a fixed loan. A renegotiation fee may also apply and the appropriate documentation must be carried out earlier than the fixed interest rate applies.

VeronicaMercy

Interest rate is calculated on small business loan by reducing balance technique, the principal gets decreased following each reimbursement term and the interest rate is calculated at the outstanding principal at the end of the term.

CarolTerry

She can pay 13,100 * 7.6% at the beginning of each year and she will not have to pay any compounding.

imspam2010

Unfortunately you can`t that is the interest rate that you agreed upon when you loaned from your bank.

Marlboro

15 percent.

swapan.debbarma

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