Multiple Choice
On February 22, Jonathan had $20,000 of student loans. He agreed to a payment plan of $225 per month at an annual rate of 8.40%. Determine how much of the $225 will go towards the principal at the end of March.
A) $80.25
B) $81.68
C) $83.72
D) $84.58
E) $88.92
Correct Answer:
Verified
Correct Answer:
Verified
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