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  3. you take out a 10 year student loan for 25,000 at

you take out a 10 year student loan for 25,000 at 5.7% annual interest, compounded...

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Accounting

you take out a 10 year student loan for 25,000 at 5.7% annual interest, compounded monthly. if you have to make monthly payments, witch finance formula would you use for this situation

1 simple intrest

2 compound intrest

3 continuous compound intrest

4 annuity with payments in

5 annuity with payments out

Answer & Explanation Solved by verified expert
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