A 2-year subsidized student loan of $6,000 at an annual interest rate of 6.55% was borrowed by Jacob. Assuming that Jacob qualifies for an income-adjusted repayment plan of $205 per month, how many months will it take him to repay the loan?
a. 31.63
b. 31.79
c. 31.98
d. 28.98
c. 31.98
You might also like to view...
Solve the problem.Of the 2,598,960 different five-card hands possible from a deck of 52 playing cards, how many would contain 2 black cards and 3 red cards?
A. 845,000 B. 422,500 C. 1,690,000 D. 1,267,500
Work the application and answer with a complete sentence.The list price of a boat is $11,066. This month, the manufacturer is offering a rebate of $662. What is the net price of the boat this month?
A. The net price of the boat this month is $10,404. B. The net price of the boat this month is $11,628. C. The net price of the boat this month is $10,304. D. The net price of the boat this month is $11,728.
Add or subtract as indicated. Simplify, if necessary.
- 
A. - 
B. - 
C. 
D. 
Insert < or > between the pair of numbers to form a true statement.0 _____ 3.3
A. > B. <