Student Loan
Wiyot takes out a $31,600 student loan to pay his expenses while he is in college. After graduation, he will begin
making payments of $266.66 per month for the next 15 years to pay off the loan. How much more will Wiyot end up
paying for the loan than the original value of $31,600?
Wiyot will end up paying $
GACH.
53 M
more than he borrowed to pay off the loan.