Question by Bella: To pay the tuition for medical school, Melissa borrowed 00 in student loans her first year. The loan is?
To pay the tuition for medical school, Melissa borrowed 00 in student loans her first year. The loan is for seven years at an annual interest rate of 3.4% with interest compounded semiannually. What will be the amount of principal and interest in seven years?
Best answer:
Answer by Sean Roberts
Melissa will repay ,635.86. This is ,400 principal plus ,235.86 interest.
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