Antonio has just graduated from four years of college. For the last two years, he took out a Stafford loan to pay for his tuitio
n.
Each loan had a duration of ten years and interest compounded monthly. Antonio will pay each of them back by making
monthly payments, starting as he graduates. Antonio's loans are detailed in the table below.
Subsidized?
Year
Junior
Senior
Loan Amount ($)
5,894
5,258
Interest Rate (%)
6.9
7.5
Once all of his loans are paid off, what will Antonio's total lifetime cost be? Round all dollar values to the nearest bent.
a $16,246.80
b. $17,804.40
c. $7,593.16
d $9,874.76
Each loan had a duration of ten years and interest compounded monthly. Antonio will pay each of them back by making
monthly payments, starting as he graduates. Antonio's loans are detailed in the table below.
Subsidized?
Year
Junior
Senior
Loan Amount ($)
5,894
5,258
Interest Rate (%)
6.9
7.5
Once all of his loans are paid off, what will Antonio's total lifetime cost be? Round all dollar values to the nearest bent.
a $16,246.80
b. $17,804.40
c. $7,593.16
d $9,874.76
2 answers:
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Given:
Elliot has a total of 26 books. He has 12 more fiction books than nonfiction books.
To Find:
A system of linear equations represents the situation.
Answer:
Step-by-step explanation:
We are given that x represents the number of fiction books and y is the number of non-fiction books.
We are also given that the total number of books Elliot has is 26 which includes both fiction and non-fiction. So, we may write
Next, we are given that there are 12 more fiction books than non-fiction books. This means, the fiction books are more in number and so, we may write
So, the total system of equations can be represented as