You have a loan outstanding. It requires making ninenine annual payments of $ 8 comma 000$8,000 each at the end of the next ninenine years. Your bank has offered to restructure the loan so that instead of making the ninenine payments as originally agreed, you will make only one final payment in ninenine years. If the interest rate on the loan is 2 %2%, what final payment will the bank require you to make so that it is indifferent to the two forms of payment?

answerprotecting competitors;

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

arrowright

anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

arrowright

nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

arrowright