Hey not use of excel When Amy had 3 years left in college, she took out a student loan for $13,564. The loan has an annual interest rate of 4.5%. Amy graduated 3 years afteracquiring the loan and began repaying the loan immediately upon graduation.According to the terms of the loan, Amy will make monthly payments for 5 years after graduation. During the 3 years she was in school and not makingpayments, the loan accrued simple interest.Answer each part. Do not round intermediate computations, and round your answers to the nearest cent. If necessary, refer to the list of financial formulas.(a) If Amy's loan is subsidized, find her monthly payment.Subsidized loan monthly payment: $|||(b) If Amy's loan is unsubsidized, find her monthly payment.Unsubsidized loan monthly payment: $||

For Subsidized Loan Loan Amount = $13,564 Time Period left in graduation = 3 Years Interest Rate =…

Answered: When Amy had 3 years left in college,…

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter6: Business Expenses

Section: Chapter Questions

Problem 68P

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When Kaitlin had 2 years left in college, she took out a student loan for $12,295. The loan has an annual interest rate of 5.7%. Kaitlin graduated 2 years after acquiring the loan and began repaying the loan immediately upon graduation. According to the terms of the loan, Kaitlin will make monthly payments for 5 years after graduation. During the 2 years she was in school and not making payments, the loan accrued simple interest. Answer each part. Do not round intermediate computations, and round your answers to the nearest cent. If necessary, refer to the list of financial hirmules (a) If Kaitlin's loan is subsidized, find her monthly payment. Subsidized loan monthly payment: $|| (b) If Kaitlin's loan is unsubsidized, find her monthly payment. Unsubsidized loan monthly payment: $[]
When Isabel had 3 years left in college, she took out a student loan for $13,155. The loan has an annual interest rate of 7.2%. Isabel graduated 3 years after acquiring the loan and began repaying the loan immediately upon graduation. According to the terms of the loan, Isabel will make monthly payments for 5 years after graduation. During the 3 years she was in school and not making payments, the loan accrued simple interest. Answer each part. Do not round intermediate computations, and round your answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) If Isabel's loan is subsidized, find her monthly payment. Subsidized loan monthly payment: $| (b) If Isabel's loan is unsubsidized, find her monthly payment. Unsubsidized loan monthly payment: $
When Mary had 4 years left in college, she took out a student loan for $15,110. The loan has an annual interest rate of 5.1%. Mary graduated 4 years after acquiring the loan and began repaying the loan immediately upon graduation. According to the terms of the loan, Mary will make monthly payments for 3 years after graduation. During the 4 years she was in school and not making payments, the loan accrued simple interest. what is the monthly payment if the loan is subsidized? What is the monthly payment if the loan is unsubsidized?
When Maria had 5 years left in college, she took out a student loan for $16,174. The loan has an annual interest rate of 2.7%. Maria graduated 5 years after acquiring the loan and began repaying the loan immediately upon graduation. According to the terms of the loan, Maria will make monthly payments for 10 years after graduation. During the 5 years she was in school and not making payments, the loan accrued simple interest. Answer each part. Do not round intermediate computations, and round your answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) If Maria's loan is subsidized, find her monthly payment. Subsidized loan monthly payment: $ (b) If Maria's loan is unsubsidized, find her monthly payment. Unsubsidized loan monthly payment: $|
When Amy had 5 years left in college, she took out a student loan for $12,544. The loan has an annual interest rate of 6.9%. Amy graduated 5 years after acquiring the loan and began repaying the loan immediately upon graduation. According to the terms of the loan, Amy will make monthly payments for 2 years after graduation. During the 5 years she was in school and not making payments, the loan accrued simple interest. Answer each part. Do not round intermediate computations, and round your answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) If Amy's loan is subsidized, find her monthly payment. Subsidized loan monthly payment: $|| (b) If Amy's loan is unsubsidized, find her monthly payment. Unsubsidized loan monthly payment: $ |
When Lisa had 5 years left in college, she took out a student loan for $13,342 . The loan has an annual interest rate of 2.7% . Lisa graduated 5 years after acquiring the loan and began repaying the loan immediately upon graduation. According to the terms of the loan, Lisa will make monthly payments for 10 years after graduation. During the 5 years she was in school and not making payments, the loan accrued simple interest. Answer each part. Do not round intermediate computations, and round your answers to the nearest cent. If necessary, refer to the list of financial formulas . (a)If Lisa's loan is subsidized, find her monthly payment. Subsidized loan monthly payment: $ (b)If Lisa's loan is unsubsidized, find her monthly payment. Unsubsidized loan monthly payment: $
Ashley took out a student loan for $12,544. The loan had annual interest of 6.9%. She graduated five years after getting the loan and began repaying the loan upon graduation. Ashley will make monthly payments for two years after graduation. During the five years she was in school not making payments the loan occurred simple interest. What was her subsidize loan monthly payment an unsubsidized loan monthly payment?
When Michael had 2 years left in college, he took out a student loan for $14,505. The loan has an annual interest rate of 7.8%. Michael graduated 2 years after acquiring the loan and began repaying the loan immediately upon graduation. According to the terms of the loan, Michael will make monthly payments for 10 years after graduation. During the 2 years he was in school and not making payments, the loan accrued simple interest. Answer each part. Do not round intermediate computations, and round your answers to the nearest cent. (a) If Michael's loan is subsidized, find his monthly payment. Subsidized loan monthly payment: _ (b) If Michael's loan is unsubsidized, find his monthly payment. Unsubsidized loan monthly payment: __
When Joe had 2 years left in college, he took out a student loan for $13,425. The loan has an annual interest rate of 8.1%. Joe graduated 2 years after acquiring the loan and began repaying the loan immediately upon graduation. According to the terms of the loan, Joe will make monthly payments for 4 years after graduation. During the 2 years he was in school and not making payments, the loan accrued simple interest. Answer each part. Do not round intermediate computations, and round your answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) If Joe's loan is subsidized, find his monthly payment. Subsidized loan monthly payment: $ (b) If Joe's loan is unsubsidized, find his monthly payment. Unsubsidized loan monthly payment: $
When Ahmad had 5 years left in college, he took out a student loan for $16,861. The loan has an annual interest rate of 3.6%. Ahmad graduated 5 acquiring the loan and began repaying the loan immediately upon graduation. years after According to the terms of the loan, Ahmad will make monthly payments for 5 years after graduation. During the 5 years he was in school and not making payments, the loan accrued simple interest. Answer each part. Do not round intermediate computations, and round your answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) If Ahmad's loan is subsidized, find his monthly payment. Subsidized loan monthly payment: (b) If Ahmad's loan is unsubsidized, find his monthly payment. Unsubsidized loan monthly payment: $||
When Bill had 5 years left in college, he took out a student loan for $16,482 . The loan has an annual interest rate of 3.3% . Bill graduated 5 years after acquiring the loan and began repaying the loan immediately upon graduation. According to the terms of the loan, Bill will make monthly payments for 2 years after graduation. During the 5 years he was in school and not making payments, the loan accrued simple interest. Answer each part. Do not round intermediate computations, and round your answers to the nearest cent. If necessary, refer to the list of financial formulas . (a)If Bill's loan is subsidized, find his monthly payment. Subsidized loan monthly payment: $ (b)If Bill's loan is unsubsidized, find his monthly payment.
When Bill had 3 years left in college, he took out a student loan for $13,155. The loan has an annual interest rate of 7.2%. Bill graduated 3 years after acquiring the loan and began repaying the loan immediately upon graduation. According to the terms of the loan, Bill will make monthly payments for 5 years after graduation. During the 3 years he was in school and not making payments, the loan accrued simple interest. Answer each part. Do not round intermediate computations, and round your answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) If Bill's loan is subsidized, find his monthly payment. Subsidized loan monthly payment: $ (b) If Bill's loan is unsubsidized, find his monthly payment. Unsubsidized loan monthly payment: $

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