In this project we are finding the interest rate for student loans, whether it is fixed or not. There are three types that we focused on. Government subsidized, unsubsidized and a bank loan. The government pays the interest till the student has graduated. The interest remains the responsibilities of the borrower and with a bank loan the money is loaned with a collateral security for a certain period of time. GS= 4.66 interest NS= 4.66 and a BL= 5.73 fixed rate
A= 20,000 (1+0.0466)^15
m=12*15 A=39,604/180
A= $220 per month
A= 20,000 (1+0.0466)^20
m=12*20 A=49,732/240
A= $207
A= 20,000 (1+0.0466)^10
m=12*10 A=31,538/120
A= $262
A= 20,000 (1+0.0466)^15
m=12*15 A=39,604/180
A= $220 per month
A= 20,000 (1+0.0466)^20
m=12*20 A=49,732/240
A= $207
A= 20,000 (1+0.0466)^10
m=12*10 A=31,538/120
A= $262