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    Using and Understanding Mathematics
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    Exam 4: Managing Money
  5. Question
    Solve. -Determine the Total Payment Over the Term of a Student
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Solve. -Determine the Total Payment Over the Term of a Student

Question 227

Question 227

Multiple Choice

Solve.
-Determine the total payment over the term of a student loan of $107,762 at a fixed APR of 8.3% for 30 years.


A) $292,927.55
B) $292,859.13
C) $292,813.53
D) $292,780.96

Correct Answer:

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