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If you take out a $30,000 student loan at 6%:

â—‹ you will only need to pay back the amount you borrowed
â—‹ you will need to pay back only the interest on the amount you borrowed
â—‹ once you graduate you will have a monthly payment of about $255 each month for the next 15 years
○your parents are liable for your debt​

Respuesta :

lucic

Answer

Hello,

The correct answer option is {C}

Explanation

Every year, 6% of the debt increases as the interest rate is charged, thus the grand total of the actual debt will be more than $30000 due to the added interest. In addition to that, the monthly payment of $255 is inclusive of the payment of the principal amount and interest on the loan.

Wish you Luck!

elenacorsan93

Answer:

Once you graduate you will have a monthly payment of about $255 each month for the next 15 years

Explanation:

Using a calculator of student loans, we consider $30,000 as the amount with an interest rate set of 6% and a term of 15 years, obtaining a total of $254 for the monthly payment to cover the loan (30,000) and the interest (15,569) for a total of $45,569.

I hope you find this information useful and interesting! Good luck!

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