Given below is the principal owed on a student loan last

Last updated: 10/3/2023

Given below is the principal owed on a student loan last month the annual interest rate and the way the minimum monthly payment is computed Find this month s minimum payment due Method for Calculating Minimum Monthly Payment finance charge 40 1 5 of principal Principal 23 700 Annual Rate 9 This month s minimum payment is Round to the nearest cent as needed CLIXE