If you take out a $1,500 loan for college at 8% interest, what is the principal balance?

$1620

$1500

$1508

$1580

Question

angelrubanz angelrubanz

02-04-2018
Mathematics

contestada

If you take out a $1,500 loan for college at 8% interest, what is the principal balance?

$1620

$1500

$1508

$1580

Respuesta :

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angeladagirl angeladagirl · Answer 1 · 2018-04-03T00:57:38+02:00

angeladagirl angeladagirl

03-04-2018

After 1 year, your college loan balance would be 1500 (1+.08) = 1620 if you make no payments.

Likely Lana would pay less interest on the loan as she has a HIGHER credit score!

Answer Link

If you take out a $1,500 loan for college at 8% interest, what is the principal balance? $1620 $1500 $1508 $1580

Respuesta :

Otras preguntas

If you take out a $1,500 loan for college at 8% interest, what is the principal balance?

$1620

$1500

$1508

$1580