A student receives a student loan for $8000 at 5.5% interest compounded monthly to help finish college in the last 1.5 years of college. Starting 1 year after finishing college, the student must amortize the loan in the next 5 years by making equal monthly payments. What will the payments be and what total interest will the student pay?

stops on an even number.

could you provide figure.

$3720

step-by-step explanation:

taxable income = $31000

as per the 2018-2019 us tax bracket, the tax rate is 12% for an individual whose taxable income is between $9,526 to $38,700.

so, the tax to be paid by him = 12% of 31000

= 0.12 * 31000     [12% converted to decimal as 0.12]

= $3720

answer: i think you should do the math and pay attention in class : )

step-by-step explanation:

that is truly what   think but if i get the answer i will