Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 6 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 22 Nov 2017 My Price 5.00

graduate seeking relief

The average college graduate owes $22,500 in loans incurred over his/her college career. Now that it is so difficult to land a job after graduation, an option for the graduate seeking relief is to stretch the loan over 20 years (with the bank’s approval, of course) instead of repaying the loan over the normal 10 years. Doubling the repayment period of the loan slices 29% off the monthly payments. However, this action also increases the total amount of interest repaid over the life of the loan by 121%! What is the monthly interest rate being charged in this scenario?

 

 

 

 
 

Answers

Maurice Tutor
(5)
Status NEW Posted 22 Nov 2017 03:11 PM My Price 5.00

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