angelrubanz angelrubanz

02-04-2018
Mathematics

contestada

If you take out a $1,500 loan for college at 8% interest, what is the principal balance?

$1620

$1500

$1508

$1580

Respuesta :

angeladagirl angeladagirl

03-04-2018

After 1 year, your college loan balance would be 1500 (1+.08) = 1620 if you make no payments.

Likely Lana would pay less interest on the loan as she has a HIGHER credit score!

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