Your Goal Is to Pay Down Your Student Loan in 3

question 44

Multiple Choice

Your goal is to pay down your student loan in 3 years.The balance today is $9,434.If you are charged a rate of 9%, compounded monthly, what will be your monthly, end-of-period payment?

• A)$527
• B)$406
• C)$300
• D)$262
• E)$193

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Definitions:

Henry George

A 19th-century American economist known for his advocacy of a single tax on land value to improve social inequalities.

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Social and Economic Equality

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Electoral Reform

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