The loan is non-subsidized, so simple interest will accrue for 4 years before graduation. I=Prt=30,000(0.052) (4)=6240 Total loan amount after graduation: 30,000+6240=36,240 A-36,24, r-0.052, n=12, t=6. What is the monthly payment?

Skip to content
# The loan is non-subsidized, so simple interest will accrue for 4 years before graduation. I=Prt=30,000(0.052) (4)=6240 Total loan amount after

The loan is non-subsidized, so simple interest will accrue for 4 years before graduation. I=Prt=30,000(0.052) (4)=6240 Total loan amount after graduation: 30,000+6240=36,240 A-36,24, r-0.052, n=12, t=6. What is the monthly payment?