Solve. -Determine the Total Payment Over the Term of a Student

question 227

Multiple Choice

Solve.
-Determine the total payment over the term of a student loan of $107,762 at a fixed APR of 8.3% for 30 years.

• A)$292,927.55
• B)$292,859.13
• C)$292,813.53
• D)$292,780.96

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Definitions:

Anus

Lower opening of the digestive tract through which fecal matter is extruded.

Mesoderm

During the early stages of embryonic development, the central layer that eventually develops into the body's muscles, bones, and blood circulation system.

Ectoderm

The outermost layer of embryonic cells, which develops into the nervous system, skin, and hair.

Epidermis

The outermost layer of skin that serves as a protective barrier against the environment.