Suppose Quinton borrows a student loan of $8,500 at an interest rate of 6.5%. Once graduating from college, he is expected to

Question

Suppose Quinton borrows a student loan of $8,500 at an interest rate of 6.5%. Once graduating from college, he is expected to pay that money back over the course of 20 years. 
Blank #1: Find Quinton's monthly payment. Round to the nearest cent. 
Blank #2: How much money will Quinton pay in total? Round to the nearest cent.

Kunduz · Accepted Answer

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