Josh borrows $5,600 through the PLUS program to complete his last two years of medical school. If the current annual interest rate for a 13-year loan is 4.13% and Josh begins repayment of the loan 2 years after graduation, what is Josh’s monthly payment?
a. $50.29
b. $53.94
c. $54.13
d. $50.12
c. $54.13
You might also like to view...
Solve the problem.The system of equations 
= (-3 + 4y)x and 
= (-3 + x)y describes the growth rates of two symbiotic (dependent) species of animals (such as the rhinoceros and a type of bird which eats insects from its back). What happens to the rhinoceros population when the bird population decreases?
A. The rhinoceros population decreases. B. The rhinoceros population stays the same. C. The rhinoceros population could either increase or decrease. D. The rhinoceros population increases.
Find the exact value of the sum.sin 15° - sin 105°
A. - 
B. 
C. - 
D. - 
Find the exact value, given that 
with ? in 
and 
with ? in 
tan (? + ?)
A. 
B. 
C. 
D. 
Find the first four terms of the sequence.an = an-1 + 7; a1 = 5
A. 5, 7, 14, 21 B. 12, 19, 26, 33 C. 5, 12, 19, 26 D. 0, 7, 14, 21